Industry News
Escalating Cyber Attacks Inflict $6B Annual Cost on U.S. Health System
A rise in cyber attacks against doctors and hospitals is costing the U.S. health-care system $6 billion a year as organized criminals who once targeted retailers and financial firms increasingly go ...
Insurers to FAA: Include Us In Your Commercial Drone Initiative
The FAA's new partnership with industry to explore the use of commercial drones in newsgathering, agricultural and railroad industries is drawing a cautiously optimistic reaction from the P/C ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
Willis Re Chairman/Ex-CEO Departs to Become Guy Carpenter’s Next Leader
Willis Re Chairman and former CEO Peter Hearn is jumping ship, moving over to Guy Carpenter as its next leader. Hearn won't become chief executive officer of the Marsh & McLennan-owned ...
Kemper CEO Southwell Plans to Retire Next Year; Replacement Search is On
Kemper Corp. disclosed that its CEO plans to retire next year, and the insurance holding company has already begun the process to search for his replacement. Donald Southwell also serves as the ...
BNSF Train Carrying Crude Oil Derails in North Dakota and Sparks Fire
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said. The Federal ...
Swiss Re Sells Off All of Its Euro-Denominated Covered Bonds
Swiss Re AG, the world's second-biggest reinsurer, sold its holdings of euro-denominated covered bonds as the European Central Bank gobbles up the highly-rated debt. The company is the latest ...
Munich Re Loses $800M on Derivatives Contracts in Q1
Munich Re, the world's biggest reinsurer, took a 706 million-euro ($800 million) loss on derivatives contracts in the first quarter, caught off guard by a rally in stock markets. The majority of the ...
Allstate CEO Wilson Pledges Continued Esurance Ad Support
Esurance remains unprofitable for Allstate, four years after it snatched up the online auto and home insurance provider for $1 billion. At the same time, CEO Thomas Wilson remains optimistic about ...