Markets
$584B at Risk From Cat Events in 2020: Cambridge Study
Providing an annual update of its study of the impact of catastrophic events on global GDP, researchers from the University of Cambridge find that roughly $584 billion could be wiped from the global ...
GM Sues Hyundai for Allegedly Poaching Exec to Access Self-Driving Car Secrets
General Motors Co. accused Hyundai Motor Co.'s U.S. unit of poaching one of its top safety executives so it could gain access to trade secrets for self-driving vehicles and electric cars. Brian ...
S&P Assigns A- Ratings to Fidelis Insurance Operating Subs; Holding Co. at BBB
Noting the proven track record of its management team and strong top-line growth in a five year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of ...
Southwest Reaches Partial Settlement Deal With Boeing Addressing Projected 737 MAX Damages
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the ...
AIG’s Zaffino Adds ‘President’ to His C-Level Titles
American International Group awarded Peter Zaffino a promotion, making him president of the insurance giant. Zaffino takes on the new role as of Jan. 1, 2020, though he'll still serve as Global Chief ...
Safeway Insurance Group Earns A.M. Best Ratings Outlook Upgrade
Safeway Insurance Group gained a ratings outlook upgrade from A.M. Best, thanks to solid rate increases and a number of strategic initiatives the ratings agency views as positive developments. A.M. ...
Peacock Replacing Parker as USAA CEO
USAA announced on Tuesday that is board of directors has elected Wayne Peacock to serve as USAA's next President and CEO, effective Feb. 1, 2020. Peacock will succeed Stuart Parker who is retiring ...
Insurers Balk at Defending Sexual Misconduct Claims, Even With Weinstein
While Harvey Weinstein's insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get ...