Markets
AIR Worldwide Releases Enhanced Southeast Asia Earthquake/Typoon Models
AIR Worldwide is rolling out beefed up earthquake and typhoon models for Southeast Asia. The catastrophe modeling firm, a Verisk Analytics business, said the earthquake model updates cover: Tsunami ...
Disney Resort Reviews Safety Policies After Child Killed by Gator
It's an unwritten rule for Florida residents: Keep your kids away from ponds and lakes because alligators are everywhere. But after a gator killed a 2-year-old Nebraska boy at a Walt Disney World ...
Orlando Victims See Sandy Hook Case as Gunmaker Lawsuit Template
A case in Connecticut state court could help victims from mass shootings -- including the recent massacre in Orlando -- sue manufacturers of military style assault rifles used in the attacks, despite ...
HSBC Arm Settles 14-Year Shareholder Lawsuit for $1.58B
HSBC Holdings Plc agreed to pay $1.58 billion to settle a 14-year-old shareholder lawsuit over allegations that executives of a U.S. subprime-lending business acquired by the bank misled investors. ...
American Family Wants to Go Mutual Holding Company Route
American Family Insurance plans to become a mutual holding company. The change would, in part, strengthen its ability to make acquisitions or pursue M&A transactions with other mutual insurance ...
Allianz Grabs Zurich’s Moroccan Division for $275M
Allianz Group plans to pay more than $275 million for Zurich Insurance's Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory ...
Insurers: Ignore the FinTech Revolution at Your Long-Term Peril
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by ...
Allianz’s PIMCO Plans Job Cuts After Asset Drop
Pacific Investment Management Co. plans to cut its workforce by 68 people, or about 3 percent, and offer buyouts as assets under management have fallen since the September 2014 departure of Bill ...