Markets
Allstate CEO Wilson Pledges Continued Esurance Ad Support
Esurance remains unprofitable for Allstate, four years after it snatched up the online auto and home insurance provider for $1 billion. At the same time, CEO Thomas Wilson remains optimistic about ...
FAA, Berkshire Hathaway to Partner on Commercial Drone Tests
The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator's line of sight, a precursor to sophisticated drone ...
ACE Aims For U.S. Middle Market With Expanded Excess Casualty Coverage
ACE Group is aiming for the U.S. middle market with the launch of expanded excess casualty coverage for companies with complex risk exposures. The insurer said its enhanced offerings will come ...
RSA Risks Investor Backlash over ‘Excessive’ Bonus for CEO Hester
RSA Insurance Group Plc may face a backlash from investors this week as Pensions & Investment Research Consultants Ltd. said Chief Executive Officer Stephen Hester's compensation was "excessive." ...
Uber Pulls Out of Kansas Due to Stricter Ridesharing Regulations
Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations ...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...
Employee Brain Activity Studied to ID Cybersecurity Threats
The old adage that a chain is only as strong as its weakest link certainly applies to the risk organizations face in defending against cybersecurity threats. Employees pose a danger that can be just ...
Allstate Reports a Double-Digit Rise in Profits and Falling Claims Costs
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe ...