Commercial Lines
Wells Fargo Could Get $1B Fine to Resolve Auto Insurance, Mortgage Lending Abuses
Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its ...
AIG Shifts Some Employees to EY in Managed Tax Services Collaboration Deal
American International Group and Ernst & Young will collaborate on managed tax services and technology in a new five-year agreement that also involves a transfer of some employees to EY. Their ...
Appeals Court Revives Barnes & Noble Data Breach Lawsuit
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines ...
Commercial Property Insurance Rate Hikes Easing From Early Spikes: Willis Towers Watson
Commercial property insurance rate increases are easing off initial spikes following 2017's record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on ...
Rights of Contract Workers Tested in Tesla Racial Bias Suit
On a fall evening in 2015, Owen Diaz went to drop off food for his 20-year-old son Demetric, whom he'd helped find a job at the same Tesla Inc. factory where Owen operated elevators. As he turned the ...
EU Urges Financial Firms to Plan for Brexit Now Despite Transition Deal
European Union regulators urged banks, investors and customers on Thursday to take "timely action" to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain ...
‘Brilliant Basics’ Continues at QBE With Naming of New Senior Execs
QBE is continuing to revamp its senior management team as part of an ongoing effort to reshape its strategic focus and create more simplified structure. The effort, known as "Brilliant Basics," ...
The Latest Launches From XL Catlin, Hub International and Assurant
XL Catlin added a layer of builder's risk insurance known as Course of Construction to its Platinum Property insurance program. Hub International Ltd. debuted a new umbrella/excess risk purchasing ...