Commercial Lines
Executives On The Move at Chubb and XL Group
Chubb promoted one of its own to become its new head of Multinational Claims for Overseas General Insurance. XL Group's investor relations director is retiring, and the insurer has hired a ...
Halliburton Will Pay $100M to Settle Shareholder Class Action Lawsuit
Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the ...
China Insurance Regulator Tightens License Rules: Sources
China's insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, ...
Google Spying, Requiring Illegal Confidentiality Agreements From Employees, Suit Says
A Google Inc. product manager has sued the company, accusing it of unlawfully prohibiting employees from sharing concerns with coworkers, shareholders or the press, and maintaining a "spying program" ...
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...
Uber Halts Autonomous Car Program in Calif. After Vehicle Registrations Revoked
Uber Technologies Inc. pulled its self-driving cars from San Francisco's streets after the state of California revoked registrations for the vehicles. The move impacted 16 Uber automobiles, the ...
Donegal Mutual and Mountain States Announce Strategic Affiliation
Donegal Mutual Insurance Co. and Mountain States Mutual Casualty Co. have announced plans for a strategic affiliation. Subject to regulator and policyholder approval, Mountain States will merge into ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...