Commercial Lines
Takata, Felled by Massive Air Bag Recalls, Gets China Backing After Bankruptcy Filing
Japan's Takata Corp , at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired ...
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
Autonomous Vehicles Could Shrink Auto Insurance Sector by 71% Through 2050: KPMG
While many insurance experts believe that autonomous vehicle technology could drastically shrink the auto insurance sector, new KPMG research assigns a precise estimate to the drop. The number is ...
AIR Worldwide Issues Crop Hail Model for Canada, Product Update for China
Catastrophe risk modeling firm AIR Worldwide released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of ...
AIG Ex-CEO Hancock to Get $9.58M in 2016 Compensation
American International Group Inc shareholders on Wednesday approved the company's 2016 compensation for executives, including the insurance giant's former chief executive, Peter Hancock. Shareholders ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Zurich Closes Purchase on Halo, a UK Online Rental Car Platform
Zurich is the proud new owner of Halo, a specialist, UK-based online rental car insurance platform that will help it further a strategy of growth in global travel and assistance markets. Neither side ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...