Specialty
AmTrust to Sell Surety, Credit Reinsurance Biz to Liberty Mutual
Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Financial terms were not disclosed. ...
Allstate, Starr Companies Join $18M Financing for Amenity Analytics
Hank Greenberg's Starr Companies and Allstate contributed to a new $18 million financing round for Amenity Analytics, a startup developing cloud-based analytics designed to help businesses analyze ...
Liberty Mutual Releases Top 10 Causes of Most Serious Workplace Injuries
The annual Liberty Mutual Workplace Safety Index documents the top 10 causes of the most serious workplace injuries – those causing an employee to miss five or more days from work – and ranks ...
Argo Urges Shareholders to Reject Voce’s ‘Poorly Researched Claims’ at Annual Meeting
Argo Group is urging shareholders to reject allegations of "reckless behavior" and "poorly researched claims" from activist stockholder Voce Capital Management when the company's annual shareholder ...
Uber Spent More than $1B on Driverless Cars So Far
Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General Motors Co. The ride-hailing company ...
GE’s ‘Incomplete’ Hudson River Cleanup Leading to New York Lawsuit Against the EPA
New York state officials plan to sue the U.S. Environmental Protection Agency for allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was ...
Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re
The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...
Several Oil Companies Allege U.S. Government Sold Toxic Crude
Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last ...