Markets
Hacker That Struck Capital One May Have Targeted 30 Other Companies
The Seattle woman accused of hacking into Capital One Financial Corp.'s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other ...
Buffett’s Berkshire Hathaway Boosts Amazon Investment Stake
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks ...
2018 Reserves Year in Review: Can Workers Comp Continue to Drive the Gravy Train of Releases?
2018 marked the 13th consecutive year in which the industry saw favorable prior-year reserve development bolstering calendar-year underwriting margins. Total releases for last year came in at over ...
Executives On The Move at Root Insurance and AXIS Re
Root Insurance made some executive changes, including hiring a new chief financial officer. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, named a new head of property ...
The Latest Launches From Sompo International and BHSI
Sompo International in Asia plans to use an InsurTech startup's on-demand cloud platform to bring on-demand insurance to Asia. Berkshire Hathaway Specialty Insurance says it updated its Asia ...
Bayer May Be Seeking Roundup Cancer-Claim Deal Worth Up to $8B
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An ...
U.S. Regulators Reportedly Would Drop Bank Accounting Test in ‘Volcker Rule’ Rewrite
U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...