Markets
Wells Fargo Phony Account Scandal May Be Bigger Than Previously Thought
More Wells Fargo & Co customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday. Wells ...
Court Rules in J&J’s Favor Over Latest Talc Product Liability Lawsuit
Johnson & Johnson said on Friday that a state court jury in Missouri had returned a verdict in its favor in the latest trial to arise out of thousands of lawsuits alleging the company's ...
CNA Creates Chief Diversity Officer Position; Ex-Chubb Exec Hired to Fill Slot
New CNA Chairman and CEO Dino Robusto continues to put his stamp on the insurer, this time with the creation of a new executive position: chief diversity officer. The Chicago-based property/casualty ...
CoreLogic CEO Nallathambi Dies Unexpectedly After Brief Illness
CoreLogic President and CEO Anand Nallathambi has passed away after a brief illness. Nallathambi held both titles with company since 2010. CoreLogic is known for providing catastrophe modeling, as ...
Ex-Moody’s Exec Loses Out on $864M Ratings Settlement as Whistleblower Lawsuit Dismissed
A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody's Investors Service managing director and said he deserves none of the $863.8 million that Moody's agreed to pay to ...
The Latest Launches From XL Catlin, Allianz, Zurich and More
XL Catlin and a partner will start marketing new coverage to U. Public officials, educators and law enforcement agencies. Allianz Insurance beefed up its directors and offers coverage with added ...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large-scale ...
U.S. Financial Regulators Review Unnamed Firm’s ‘Too Big to Fail’ Designation
The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," ...