Markets
Wells Fargo CEO Insists Scandals, Risk Management Woes in Past; Regulator Disagrees
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional ...
Risks and Non-Risks in the Obesity Epidemic: Praedicat Analysis
Are the products used to build our buildings also making us fat? Are our diet sodas giving us cancer? As though it isn't hard enough to watch our diets, as insurers we have to worry about what it all ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
The Latest Launches From W.R. Berkley Corp and Pool Re
A division of W.R. Berkley Corp. is selling an insurance product that covers individuals for embezzlement of their invested assets. Pool Re, Britain's terrorism reinsurer, is working with UK ...
Fitch Notes Realized Benefits of Kemper’s $1.3B Infinity Acquisition
Kemper Corp. earned some kudos from Fitch Ratings over its improved financial strength, and a subsidiary gained an outlook upgrade. Specifically, Fitch affirmed Kemper's "A-" (Strong) financial ...
PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units
PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process. Effective April 1, ...
UK Likely to Vote for Brexit Postponement After May’s Deal Rejected Again
U.K. Prime Minister Theresa May's Brexit deal was rejected once again by Parliament, throwing the country deeper into political crisis and raising the prospect that the divorce will be delayed or ...
Insurers Get Apology From Attorney Responsible for Giant Workers Comp Fraud
Sean Enrique O'Keefe said he started out as a "humanistic attorney," but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers compensation claimants to ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...