Underwriting
Fox News, Ailes Reportedly Pay $20M to Resolve Gretchen Carlson Suit
Fox News settled a sexual harassment lawsuit with former news anchor Gretchen Carlson, whose claims sparked a widespread internal probe and led to the ouster of Roger Ailes, the Republican political ...
Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. "Our rating outlook remains longer-term ...
H1 Catastrophe Losses Are High, and Texas Endured Many of Them
Weather catastrophe activity slammed into 39 states during the 2016 first half. But in a six-month period where insured losses rose well above typical levels, Texas was by far the worst hit, ...
‘Manageable’ Losses Predicted From Hurricane Hermine
Hurricane Hermine, which is poised to land in Florida Friday, may result in "manageable" losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is ...
EU Passporting Could Be Crucial for Lloyd’s Market Position in Post-Brexit World
The UK's exit from the European Union, or "Brexit," could lead to a loss of business for Lloyd's of London unless the UK government is able to negotiate passporting arrangements to maintain access to ...
Now Australia Is Suing Volkswagen Over Alleged Emissions Fraud
The Australian consumer watchdog on Thursday said it had sued the Australian arm of world No. 2 carmaker Volkswagen AG for intentionally selling more than 57,000 vehicles with software which lied ...
Amtrak Scores Partial Victory in Effort to Recoup Superstorm Sandy Insurance
Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy ...
Warren Buffett’s Railroad at Forefront of Commercial Drone Testing
Before some cutting-edge online retailer can use a drone to drop granola bars on your doorstep, a railroad born when Abe Lincoln was in Congress will first have to iron out the kinks. BNSF Railway ...