Commercial Lines
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
MGM Resorts Sues Victims of Vegas Mass Shooting to Try and Limit Liability
MGM Resorts International sued the victims of a Las Vegas music festival mass shooting in an effort to block any potential compensation claims against it. The owner of the Mandalay Bay hotel claims a ...
Cyber Attacks on Healthcare Providers Are on the Rise
Health-care providers and government agencies across the U.S. have seen an increase in cybersecurity breaches in recent months, exposing sensitive data from hundreds of thousands of people as the ...
Buffett’s Berkshire Hathaway Eliminates Restriction on Stock Buybacks
Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's ...
New Butler U. Online Insurance Master’s Degree Billed as Way to Help Fill Talent Gap
Butler University's Lacy School of Business will introduce an online Master of Science in Risk and Insurance (MSRI) program. The Indiana-based university bills the offering as among the first of its ...
The Latest Launches From QBE North America and OneWorld Instech
QBE North America is partnering with an MGA to offer specialized cover for architects, engineers and design businesses. A new company debuts with a platform designed to help insurers innovate with ...
Travelers Proposes Using Current Auto Insurance Model for Autonomous Vehicles
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer ...
Ford Will Fork Over $299.1M to Resolve Takata Air Bag Consumer Claims
Ford Motor Co. has agreed to pay $299.1 million to settle consumers' economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses ...