Claims & Reserving
Progress Made Containing Massive California Wildfire
Containment has increased on a wildfire north of Los Angeles, which has grown to more than 58 square miles. Officials report the blaze is 25 percent surrounded as of today, and most of the evacuation ...
Report: Evidence Emerges Fiat Chrysler U.S. Sales Figures Were Inflated
An internal review begun at Fiat Chrysler Automobiles in 2015 found its U.S. sales figures were inflated, partly due to pressure to keep a year-over-year monthly sales streak alive, the Automotive ...
Goldman Sachs Accused of Selling Out Client to Curry Malaysian PM’s Favor
Goldman Sachs Group Inc. has another Malaysia problem. The New York-based bank, already under scrutiny by regulators over its fundraising for the embattled 1Malaysia Development Bhd, is now accused ...
Everest Re Will Unload U.S. Crop Insurance Subsidiary, Provide Reinsurance Cover
Everest Re Group, Ltd. plans to sell its U.S. crop insurance subsidiary, but still keep a hand in the business through reinsurance. The deal, announced July 25, calls for CGB Diversified Services ...
AIR Worldwide Expands Global Pandemic Model, Joins World Bank Initiative
AIR Worldwide has made two new business moves involving ways to manage and counter global pandemics. The catastrophe modeling firm said it has expanded its global pandemic model to include outbreaks ...
EU, Consumer Groups Pressure VW for Compensation
Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The ...
JPMorgan Will Fork Over $200M to Resolve Asia Hiring Probes
JPMorgan Chase and Co is expected to pay about $200 million to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter. A settlement, which ...
Counts Reduced Against Group Charged in BP Oil Spill Fraud Case
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil ...