Markets
The 2017 U.S. Hurricane Season Ranks as Priciest Ever
This year's U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modelers Chuck ...
Millions of Devices in Europe Are Still Vulnerable to Cyber Attack: Report
A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major ...
Wells Fargo Will Get Out of Personal Insurance Business
Wells Fargo & Co said on Tuesday it would exit the personal insurance business and immediately begin winding down marketing and product promotion activity. Wells Fargo's personal insurance ...
State Auto CEO LaRocco Wins Contract Extension, a Vote of Confidence in His Turnaround Strategy
Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company's board of directors for an extension of his contract until Dec. ...
Suit Against AT&T/Time Warner Merger Could Curtail Other M&A Activity
President Donald Trump's first year in office was already shaping up to be a less-than-banner one for M&A. Now, the U.S. Justice Department's lawsuit to block AT&T Inc.'s $85.4 billion ...
The Latest Launches From Allstate, Pool Re and Starr Companies
Allstate inked a new deal with a company that gives it the ability to use highly predictive online data for claims processing. Pool Re is expanding cover for cyber-related terrorist incidents. Starr ...
Guy Carpenter Chairman Newhouse Will Retire at Year-End
Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been chairman of the reinsurance broker/strategic advisory firm since 2008. ...
QBE’s Global Strength: A Pillar of North America Strategy
QBE North America's activities in the wake of this year's hurricanes demonstrate the strength of the entire QBE global enterprise, measured with gauges beyond financial capital. Russell Johnston, QBE ...