Commercial Lines
Target to Resolve Data-Breach Probes With $18.5M Settlement
Target Corp. agreed to pay $18.5 million to settle investigations by dozens of states over a 2013 hack of its database in which the personal information of millions of customers was stolen. It's the ...
U.S. Accuses Fiat Chrysler of Excess Emissions in Diesel Vehicles
The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. The U.S. ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Duperreault’s AIG Arrival Helped Free It From A.M. Best Review With Negative Implications
A.M. Best released American International Group from "under review" special scrutiny, in part because the struggling insurance giant brought in industry veteran Brian Duperreault to help right the ...
Trump’s Funding Plan Would Limit Federal Subsidies for Crop Insurance Premiums
U.S. farm groups on Tuesday pushed back against President Donald Trump's proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday ...
Italian Defense Company Will Release Anti-Ransomware Tool After ‘WannaCry’ Attacks
When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had already warned clients that a larger-than-usual strike was ...
State Auto Exec Jessica Clark Is GuideOne Insurance’s Next CEO
GuideOne Insurance is bringing on a longtime executive from State Auto Financial Corp. as its next leader. Jessica Clark will officially become chief executive officer of the Iowa-based insurer on ...
Carrier CEO Viewpoint: Seeing Through Customers’ Eyes Gives Leadership Vision
"Customers have pretty high expectations of us,” says Richard P. Creedon, president and CEO of Utica Mutual Insurance Co. of New Hartford, N.Y. As the company’s freshman leader—he completed his ...
Executives On The Move at XL Catlin and JLT Specialty USA
An ex-Zurich Insurance exec is coming to XL Catlin in a major leadership role. JLT Specialty USA appointed a new vice president who will help assist the restructuring community in solving complex ...