Markets
Regulators Clear California Utility of 2017 Wildfire Liability
As PG&E Corp. barreled toward bankruptcy last week, just one analyst kept a "buy" rating on the shares, largely on valuation. On Thursday, the stock surged by the most ever, rising 75 percent to ...
Verisk, Guidewire Customers Can Now More Easily Get Policyholder MV Reports
Mutual Verisk and Guidewire Software customers can now easily order motor vehicle reports on current and potential policyholders. This is because Verisk's motor vehicle report accelerator now has ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Executives On The Move at Tokio Marine and W.R. Berkley Corp.
An ex-AIG executive signed on with Tokio Marine HCC as its new business innovation officer. W.R. Berkley Corp. promoted a veteran executive to president of Berkley North Pacific. *** Former AIG ...
Workers Comp Is Ongoing Target for Technology Investments: Fitch Ratings
Workers compensation insurers are ongoing targets for technology investments designed to keep the sector competitive and boost performance. Without it, market consolidation is likely, Fitch Ratings ...
Amazon Autonomous Delivery Robots Coming to Seattle Suburbs
Amazon.com Inc. will use robots to deliver packages in the suburbs north of Seattle, its latest experiment to automate the last-mile of delivery that's a labor-intensive and costly component of ...
Corporate America Already Planning for Climate Change Challenges, Business Interruption Risks
Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears ...
J&J Will Pay $120M to Settle States’ Hip Implant Claims
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants. ...
Move Over InsurTechs: Chubb’s Digital Marketplace Is Live and Serving 1,000 Agents a Day
Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, ...