Personal Lines
Credit Suisse Will Pay $5.3B to Settle U.S. Mortgage Case
Credit Suisse has formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 ...
OneBeacon Is Reportedly Soliciting Offers From Rival Insurers
OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently ...
State Auto, Munich Re America CEOs Sound Off at P/C Insurance Joint Industry Forum
President-elect Donald Trump was just one of many things on the minds of property/casualty insurers at this year's Insurance Information Institute Property/Casualty Insurance Joint Industry Forum, ...
Airbus CEO Sees ‘Flying Car’ Prototype by End of Year
Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus ...
Zurich to Cut Spending on Large Tech Projects as Part of Cost-Saving Plan
Zurich Insurance Group AG, Switzerland's biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to Chief Risk Officer Cecilia Reyes. "Managing, ...
Unintended Problems From the Internet of Things and More 2017 Predictions: Marsh
Insurers and customers alike are increasingly embracing the Internet of Things for underwriting purposes and general, daily life. The thing is, greater reliance on this type of technology could ...
Allstate’s New Investor Group Seeks to Boost Returns for Alternative Investment Portfolio
Allstate is gearing up for 2017 with six new executives it hired to help boost returns and widen the reach of its alternative investment portfolio. They will pursue what the insurer refers to as ...
Sweeping U.S Regulatory Revamp Passes U.S. House
Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically ...