Specialty
The Man Who Brought Boat Insurance to Warren Buffett Has Died
Richard Schwartz, the lawyer who founded a boat insurance and towing operation and then sold it to Warren Buffett, has died. He was 85. Schwartz died on Feb. 11 after a short illness, according to ...
Insurers Risk Falling Behind in Financial Sector Technology Race
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are ...
BP Can’t Access $750M Transocean Cover For 2010 BP Spill
BP Plc isn't covered under Transocean Ltd.'s insurance policies for the doomed Macondo well project, the Texas Supreme Court said, blocking the oil company's access to $750 million to pay costs from ...
Hacker Group Stole Up to $1B Since 2013: Computer Security Firm
A hacker group has stolen as much as $1 billion from banks and other financial companies worldwide since 2013 in an "unprecedented cyber-robbery," according to computer security firm Kaspersky Lab. ...
Senator Warns Smart Cars Vulnerable to Hackers
Automakers are adding wireless technologies into vehicles without enough protection to keep hackers from interfering the operation of a car or stealing personal information, according to a report by ...
Obama Plan to Create Anti-Hacker Agency May Worsen Bureaucracy
President Barack Obama's plan to create a new agency to combat hackers may improve information sharing between government and industry, although it adds to a security bureaucracy that some have ...
Anthem Launches Identity-Theft Protection Signup Following Cyber Attack
Anthem Inc said on Wednesday its millions of customers can sign up for free credit monitoring and identity-theft protection services this week following a massive cyber attack involving stolen U.S. ...RenRe Hopes to Close $1.9B Platinum Acquisition on March 2
RenaissanceRe Holdings expects to close its $1.9 billion cash-stock acquisition of Platinum Underwritings Holdings on March 2, assuming an upcoming shareholder vote goes its way. The Bermuda-based ...