Markets
Kemper $142M Arbitration Award Upheld on Appeal
The U.S. Court of Appeals for the Fifth Circuit has upheld a $141.7 million arbitration award in favor of the Kemper Corp. subsidiary, Kemper Corporate Services, against Computer Sciences Corp. A ...
Ex-Swiss Re Exec Burke Joins Liberty Mutual Re in Leadership Role
A former Swiss Re executive is joining a unit of Liberty Mutual in a leadership role. Susan Burke will be Liberty Mutual Re's new vice president and director of Assumed Reinsurance in the division's ...
USAA Wins Against Wells Fargo in Mobile Deposit Tech Patent Verdict
Wells Fargo & Co. was told to pay $102.8 million after a federal jury in Texas said it infringed United Services Automobile Association's patents for a mobile deposit system. It's the second ...
Zurich Insurance Sees Best Chance for Price Increases in Nearly 20 Years
Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help ...
Australia Bushfires Have Scorched 25.5 Million Acres; PM Proposes Inquiry
After weeks of criticism over the handling of the bushfires scorching Australia, Prime Minister Scott Morrison said on Sunday he will propose a national review into the response to the disaster, as ...
Executives On The Move at AXIS Insurance and At-Bay
AXIS Capital Holdings' AXIS Insurance made two new executive appointments. A former Hiscox USA executive is joining cyber insurance startup At-Bay as General Counsel and Head of Claims.
China’s Ping An Insurance Teams With Intel to Launch Joint Innovation Laboratory
A division of China's Ping An Insurance Group is teaming with American global tech giant Intel Corp. to establish a joint innovation laboratory. The arrangement is between California-based Intel and ...
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Dismissal of Lawsuits Over Missing Malaysia Air Flight Upheld on Appeal
A U.S. appeals court on Friday upheld a lower court decision to dismiss nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the ...