Markets
Veteran Nationwide CEO Rasmussen Plans to Retire; Succession Search Is Underway
Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen's last official day as CEO will be Oct. 1, 2019, capping more than 10 ...
Travelers Claims Progress Reducing Opioid Use Among Injured Construction Workers
The Travelers Companies, Inc. claims it has had some success reducing the use of opioids among insured construction workers it covers. The property/casualty insurer said there has been close to a 40 ...
Executives On The Move at Munich Re U.S. and Starr Insurance Companies
A former Hiscox executive is joining Munich Re America to be chief operating officer for Munich Re Specialty Insurance, a new commercial insurance unit in North America. Starr Insurance Companies ...
Insurance Claims in U.S. Renewable Energy Market Are on the Rise
The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark ...
Bayer Claims It Contained Cyber Attack Hatched in China
German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk of data theft and disruption faced by big business. Bayer found the ...
The 2019 Atlantic Hurricane Season Could Bring 13 Named Storms
There's a lot of reasons people think 13 is an unlucky number. This year may add another. At least 13 storm systems should reach tropical strength and get a name in 2019, with five becoming ...
Russia Banks, Money Transfer Firms Sued Over Downed Malaysian Airlines Plane
The family of an American killed when a Malaysian Airlines plane was shot down over Ukraine in 2014 filed a lawsuit on Thursday against U.S.-based money transfer companies and two Russian banks they ...
Executives On The Move at Everest Insurance and AmeriTrust Group
Everest Insurance named a new chief commercial officer. AmeriTrust Group Inc. has a new chief of staff, after promoting from within. *** Everest Insurance appointed Dane Lopes to the expanded ...