Underwriting
Wells Fargo Customers Sue Bank, Alleging Insurance Scheme Was a Scam
Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were ...
UK Official: Brexit ‘Won’t Be Postponed or Delayed’
U.K. Chancellor of the Exchequer Philip Hammond said Brexit will still go ahead in March 2019 in spite of disagreements in Prime Minister Theresa May's cabinet over a transition period to help ...
CNA Scores With Successful Second Quarter
CNA Financial Corp. saw its second quarter net income climb at a robust clip, and catastrophe losses along with its combined ratio shrink down to a healthier level. Chairman and CEO Dino Robusto said ...
Commercial Drone Startup Atlas Dynamics Raises $8M; Market Focus Includes Insurance Industry
A commercial drone startup based in Latvia with an eye, in part, on the insurance industry has raised $8 million in funding. Atlas Dynamics declined to disclose its specific investors, other than ...
Fosun International Leader Backs China Crackdown on Outbound M&A Deals
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government's clampdown on outbound investments ...
Nobody Is Safe: Cyber Security Firm FireEye Says Researcher Got Hacked
Cyber security firm FireEye said on Monday one of its researchers based in Israel had several of his online accounts hacked by unknown attackers, but added the breach did not appear to involve any ...
Simon the Giant Rabbit Is Dead; Owners Allege United Airlines Was Responsible
The owners of a giant rabbit named Simon who died on a United Airlines flight while bound for the Iowa State Fair sued the carrier, claiming its employees were responsible for the hare's death. The ...
U.S. House Committee Signs off on Quicker Rollout of Self-Driving Cars
An influential U.S. House committee on Thursday approved a revised bipartisan bill on a 54-0 vote that would speed the deployment of self-driving cars without human controls and bar states from ...