Markets
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...
Insuretech Connect Conference in Las Vegas to Go On as Scheduled
The Insuretech Connect Conference scheduled to open today in Las Vegas at Caesar's Palace will still be held as planned in the wake of the mass shooting on the Las Vegas Strip, according to the ...
Hurricane Maria Adds Another $200M to Chubb’s $1B-Plus Hurricane Insured Loss Tab
Chubb Ltd., already reeling from more than $1 billion in anticipated losses from two other recent hurricanes, now predicts another $200 million third-quarter hit from Hurricane Maria. The insurer and ...
Hurricane-Related Auto Insurance Checks Stabilizing U.S. Car Sales
As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup's soaking-wet interior and center console full of water, he knew it was a lost cause. He ...
Apple, Google, Facebook, Amazon Give Insurers Innovation Inspiration
As insurers seek inspiration to drive innovation, it makes sense to turn to modern-day tech titans to find useful ideas that might be adapted for the insurance industry. Innovation is the lifeblood ...
Brexit Conflicts Rock May’s UK Cabinet; May Denies Problems
U.K. Prime Minister Theresa May is battling to assert her authority over a divided Conservative Party as she faces calls to quit as its leader before the next general election. While May insists she ...
AIG Shoots for Expansion Now That ‘Too Big To Fail’ Status Is Going Away
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger. The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it ...
Hurricane Maria Insured Loss Estimates Vary Widely in Focus
Catastrophe modeling firms are beginning to issue preliminary estimates of the insured losses left in Hurricane Maria's wake. RMS Said Insured Losses Could Have Been Worse RMS predicted that the ...