Markets
Kemper’s Q1 Pre-Tax Cat Losses Could Reach $45M
Kemper Corp. disclosed that its pre-tax catastrophe losses will hit between $35 million and $45 million for the 2016 first quarter. What's more, the Chicago-based insurer said it doesn't expect to ...
Google, Apple, Microsoft, Amazon Back EPA in Climate Rule Lawsuit
Technology companies Google, Apple, Microsoft and Amazon on Friday declared support for the Obama administration in a lawsuit facing its central plan to combat climate change, saying the rule is ...
PIMCO Claims Gross Was Warned About Losing $200M Bonus if He Quit
Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, PIMCO said in a court filing, challenging the central claim in his lawsuit ...
Liberty International Underwriters Adds Cyber Extortion Endorsement for Food and Beverage Industry
Liberty International Underwriters (LIU) has launched a cyber extortion endorsement for its product recall and contamination policy for food and beverage companies. The new endorsement provides ...
Travelers CEO Schnitzer Urges Congress to Reduce Corporate Taxes
Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. "We continue to see the U.S. ...
Executives On The Move at Starr Companies, Hamilton, QBE and Great American
Starr Companies brought on a former AIG executive to beef up its Political Risk group. Hamilton Underwriting Ltd. hired a new head of property D&F. QBE North America promoted an executive to lead ...
Lloyd’s Is Vulnerable to Harm if UK Leaves EU: Survey
Approximately 70 percent of London market insurers, brokers, and service providers contacted in a new survey believe Lloyd's of London faces harm or severe damage if the U.K. leaves the European ...
Uber Expands into More African Countries
Uber Technologies Inc. plans to start operating in three new African countries by the end of June, extending its reach 2 1/2 years after introducing its ride-hailing service in the continent. The ...