Underwriting
Wells Fargo, National General Face CA Regulatory Scrutiny in Auto Insurance Scandal
California will investigate whether Wells Fargo & Co and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need, the state's insurance ...
Smaller Businesses Less Happy With Their Insurance: J.D. Power
Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, ...
State Auto’s Q2 Results Include Improved Income and Combined Ratio
State Auto Financial Corp.'s latest financial results appear to be a step in the right direction. The Columbus, Ohio-based super regional insurer reported 2017 second quarter net income of $8.7 ...
Generali Will Sell Panama Business to ASSA for $172M
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for $172 million, continuing its strategy to focus on core businesses. Under the transaction, ...
The Latest Launches From XL Catlin and Liberty Mutual
XL Catlin's North American Construction business has a new product designed for large contractors and some owners of large construction projects. Liberty Mutual debuted its new proprietary Premier ...
U.S. Army Abandons Use of Chinese-Made Drones Due to Cyber Vulnerability Worries
The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology Co Ltd because of "cyber vulnerabilities" in the products. An Aug. 2 Army memo posted by sUAS ...
Another Wells Fargo Lawsuit, This Time Over Merchant Credit Card Fees
A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and ...
Aon Benfield Is Latest Broker to View Cat Bond Issuance as Hitting Historic Highs
Another insurance broker has concluded that insurance-linked securities are reaching record issuance levels. Aon Securities, Aon Benfield's investment banking division, determined that catastrophe ...