Markets
Opinion: Traditional Insurers Must Embrace Cyber Physical Risk
The burgeoning cyber insurance market is at a critical point of inflection. After 20 years of product evolution, with most mainstream carriers finally settling on a common core set of coverages, the ...
Another State Sues OxyContin Maker Purdue, Alleging Deceptive Marketing Over Opioid
South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national ...
Britain Wants Brexit Talks With EU to Begin Next Phase
Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it envisages with the bloc and senior ministers presented a ...
Reinsurers Now Much More Likely to Report Natural Disaster-Related Underwriting Loss: S&P
Things could get rougher for global reinsurers if annual natural catastrophe claims keep moving closer to the long-term average, Standard & Poor's said in a new report. It turns out that upward ...
GM Ignition Switch Plaintiffs Reach $1B Deal With Creditor Trust; Carmaker Critical
Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a ...
Driver Skills Diminishing as Automated Tech Takes Hold
If your car can hit the brakes in an emergency and check your blind spots, will that make you a worse driver? Increasingly, automakers are worrying it may. Driver-assist technology that keeps cars in ...
Uber Investor Lawsuit Creating Further Problems Between Directors, Shareholders
Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis ...
Executives On The Move at Markel and QBE
Markel Corp has opened a new trade credit and political risk operation in Chicago, and one of its executives from New York will move there to lead it. QBE named a former Chubb executive to lead its ...