Markets
IT, Big Data Experts Among 1,300 Employees Progressive Will Add by Year-End
The Progressive Group of Insurance Companies said it plans to hire more than 1,300 people by the end of 2016, focusing in part on beefing up its IT and big data capabilities. Information technology ...
RBS Will Pay $1.1B to Settle Some of Its U.S. Toxic Mortgage Claims
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union ...
Harford Mutual CEO Named New NAMIC Chairman
The new chairman of the National Association of Mutual Insurance Companies is Steve Linkous, president and CEO of Bel Air, Maryland-based Harford Mutual Insurance Companies. In his address at the ...
PCI Urges Support for Earthquake Mitigation Incentive Act
The Property Casualty Insurers Association of America (PCI) is urging support for H.R. 5610, The Earthquake Mitigation Tax Incentive Act of 2016. In a statement released Tuesday, Nat Wienecke, senior ...
Hamilton CEO Duperreault: SME Joint Venture With AIG, Two Sigma Launches in Q4
Hamilton Insurance Group Ltd., American International Group, Inc. and Two Sigma Investments plan in the fourth quarter to start rolling out a technology-enabled, customer-centric insurance platform ...
Insurers Optimistic About Latest Round of Covered Agreement Talks
Insurers say they are encouraged by the most recent developments in the covered insurance/reinsurance agreement negotiations between the United States and European Commission. Following the latest ...
U.S. Senator Calls for SEC Probe of Yahoo Hacking Disclosure Timing
Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the ...
Takata, Automakers Explore Ways to Both Share and Limit Air Bag Liability
Takata Corp. and some of the world's biggest carmakers face an extensive -- and expensive -- to-do list as they try to resolve the worst safety crisis in the auto industry's history. Executives for ...