Industry News
Price Tag for Paris Climate Change Deal: $12.1 Trillion Over 25 Years
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent ...
Icahn, Dissatisfied with AIG’s Actions, Makes His Next Move
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer's chief executive officer was inadequate and ...
Executives On The Move at Progressive, Starr, Willis Towers Watson, Marsh and More
The Progressive Corp. has a new chief information officer. Starr Companies hired on an executive who will help grow its general aviation risks business. A Marsh division has a new global CEO. ...
AIG’s Plan to Decentralize and Other Things Revealed in Its Strategic Plan
Of all the changes detailed in American International Group's wide-ranging strategic plan, the insurer's bid to decentralize decision-making among leaders of its operating divisions may be among the ...
National General Grabs Two U.S. P/C Insurers in Multi-State Expansion
National General Holdings Corp. acquired two U.S. regional property/casualty insurers, allowing it to expand into multiple states. The first acquisition involves Century-National Insurance Company, a ...
Massive Workers Comp Fraud Scam Leads to 13 Indictments
An investigation into what's being called one of the largest cases of workers' compensation health care insurance fraud in California Department of Insurance history led to 13 indictments announced ...
Validus Saw Net Income Plunge in Q4 in Competitive Market
Validus Holdings saw its income plunge in the 2015 fourth quarter Chairman and CEO Ed Noonan said, however, that the Bermuda-based insurance and reinsurance holding enjoyed premium gains in some ...
California Will Require Drivers for Driverless Cars
Google Inc. envisions a world where a blind man can get in his car alone and tell it to take him to the grocery store. California regulators say self-driving automobiles aren't smart enough yet to ...