Markets
AmTrust Delays Annual Report Again to Enable Completion of Internal Audit
AmTrust Financial Services disclosed it will once again need extra time before filing its annual report, due to an ongoing internal audit that requires a longer timeframe. A.M. Best is being patient ...
Car Makers, Suppliers Give Widely Differing Timelines for Self-Driving Cars
Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between ...
Russia Allegedly Hacked Yahoo, But Cybersecurity Lapses Were Severe
When it comes to Yahoo's massive security breach, the company was right about one thing. Yahoo! Inc. has been saying since September that a state-sponsored actor was behind a hack in 2014 that ...
VW Exec Ordered Held Until U.S. Emissions Trial Starts Next Year
A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with ...
Nationwide Joins Insurify’s $4.6M Financing; Startup Launches Car Insurance Comparison on Facebook Messenger
Nationwide's venture arm is among the investors behind a new $4.6 million funding round for Insurify, an MIT spinoff with a virtual tool for car insurance shopping. Meanwhile, its service has debuted ...
RMS Debuts Agricultural Risk Models for India, China; Expanded Cover Planned
RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, with plans to expand coverage across ...
Most Insurers Envision at Least One Acquisition in 2017: KPMG Survey
A large majority of insurers plan to pursue acquisitions or divestitures through 2017, according to a new KPMG report, indicating that late-2015 and 2016 deal-making wasn't a fluke. About 84 percent ...
AIG, Wary of Battle With Icahn, Pushed for CEO Hancock’s Resignation: WSJ
American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, ...