Underwriting
Yahoo Discloses Second Massive Hack Attack; More Than 1 Billion Hit in 2013
Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion user accounts, another blow to the company's reputation as it nears the sale of its main web businesses ...
Reinsurance Sector Can’t Shake A.M. Best Negative Outlook, Despite Market Bottoming
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually ...
Amazon Airdrops Popcorn in Drone Delivery Milestone
Retail giant Amazon.com Inc. has made its first drone delivery to an actual customer, dropping off a Fire TV device and a bag of popcorn to a house in the rural English countryside 13 minutes after ...Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...
Google Spins Off Self-Driving Car Project Into New Company
Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...
Crawford & Co. Buys Majority Stake in WeGoLook for $36.1M
Crawford & Co. disclosed it has acquired a majority interest in WeGoLook, an online and mobile collaborative economy platform based in Oklahoma. Crawford, a provider of claims management products ...
National General Takes Nonstandard Auto Renewals in Deal With Nationwide
Nationwide Mutual Insurance Company's distribution force will start selling some National General Holdings Corp. nonstandard auto policies, National General announced Thursday. National General and ...