Global Economy
U.S. Motor Vehicle Premiums Will Plunge as Autonomous Vehicles Advance: Aon Benfield
The rollout of autonomous vehicles over the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report. Expectations are ...
Executives On The Move at The Hartford, XL Catlin, QBE North America and More
The Hartford named its first-ever chief strategy and ventures officer, with a goal of driving new growth through innovation. XL Catlin appointed an executive to serve as global head of underwriting ...
Over 80% of Homes Damaged in Louisiana Storms Lack Flood Insurance: Impact Forecasting
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...
46M People Could Benefit From $19B UK Suit Alleging Excessive Mastercard Fees
Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, ...
Longtime VW Engineer Pleads Guilty to Charge in U.S. Emissions Probe
A veteran Volkswagen AG engineer pleaded guilty to conspiring to defraud U.S. regulators and customers, the first criminal charge in the Justice Department's year-long investigation into the ...
Ex-AIG Chairman Greenberg Seeks Vindication in 11-Year Lawsuit Battle
Even at 91, former American International Group Inc. Chairman Maurice "Hank" Greenberg isn't ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the ...
Supply Chain Disruptions
Certain natural catastrophes, such as the 2010 floods in Thailand and the 2011 Tohoku and 2016 Kumamoto earthquakes in Japan, have served as stark reminders that loss of life, property damage and ...
Einhorn’s Greenlight Capital Re Seals Expansion Deal for Asia, Europe
Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to ...