Commercial Lines
Greek Economic Turmoil May Kill Munich Re Unit’s Acquisition Plan
Munich Re's Ergo Insurance unit may cancel its planned 90.1 million-euro ($100 million) acquisition of Greece's ATE Insurance SA if the country doesn't return to stability. "Depending upon how the ...
Looking Ahead: What Smart Cars of the Future Will Look Like
Much of the talk surrounding autonomous cars these days is centered on testing and regulations and not on what the car of the future might look like. A 2012 Institute of Electrical and Electronics ...
Eurozone Insurers Can Withstand Greece’s Instability: A.M. Best
The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although insurers and reinsurers operating in the economic bloc are well positioned to withstand a ...
AXIS and PartnerRe Delay Merger Shareholder Vote to Mull Deal Sweetener
PartnerRe and AXIS Capital Holdings are postponing a shareholder vote on their $6.2 billion merger deal for two weeks as they contemplate enhancing the offer to fend off an unsolicited bid. Italian ...
Hackers, Hitting U.S. Govt., Stole Personal Data From 22.1 Million People
Hackers stole Social Security numbers and other personal data for about 22.1 million people in breaches of the U.S. government's personnel office, the Obama administration said. The total includes ...
Uber Pushes Back Against California Driver Lawsuit
A lawsuit filed by drivers against ride service Uber should not proceed as a class action, the company argued in a court filing on Thursday, citing written statements of support from hundreds of ...
Drone Permits Soar as FAA Develops Rules for Their Use
The Federal Aviation Administration is issuing permits for the commercial use of drones at a rate of about 250 a month as it tries to meet the growing demand for unmanned aircraft while it develops ...
Bank of England to Give December Verdict on Solvency II Insurer Risk Models
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union ...