Industry News
New York Gov. Cuomo Pressures Insurers, Banks on NRA Ties
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations ...
Capitol Hill Leaders McConnell, Hoyer Measure Industry Expectations Before Big ‘I’ Lobbying Push
Two congressional leaders stood before an audience of more than 1,000 insurance agents and brokers on April 19 to tell them, in part, how important their industry is to the economy and the country. ...
AIG Solidifies Its Post-Brexit Strategy
American International Group has solidified its post-Brexit strategy for Europe, with plans to establish two separate corporate entities to give clients greater certainty about the continuity of ...
Many Lawsuit Claims Likely From Southwest Survivors
After the crash come the claims. Being on an airplane more than six miles in the air when an engine blows up and sends shrapnel through a window is an experience so scary that aviation lawyers say ...
E&S Player Gets an S&P Upgrade; Alleghany’s RSUI Now at ‘A+’
S&P Global Ratings announced an upgrade of its financial strength ratings for Allegheny's RSUI companies to "A+" on Wednesday, citing the excess and surplus lines operations' "core" status to the ...
More Than 60 Insurers in Gibraltar Could Bypass Brexit Through Spain
A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea ...
Generali Selling Belgian Operations to Athora Holding for $668.3M in Cash
Italy's Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately $668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject ...
Using AI Can Have Unintended Consequences
Artificial intelligence protects us from known and unknown threats, helps us connect to one another, and provides better answers faster and cheaper than humans do. But what about the unintended ...