Industry News
As Farmers Sign Up for 2014, Crop Insurance Reformers Fume
U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new ...
Panama Canal Expansion Consortium Sign Deal to End Dispute
A construction industry consortium led by Spain's Sacyr said in a statement on Friday that it had signed a deal late on Thursday to complete work on the multibillion-dollar project to widen the ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Former Blackrock Exec Fisher is AIG Director Nominee
American International Group Inc. announced on Thursday that a new director nominee, Peter R. Fisher, will stand for election with the 13 current members of the AIG board at the annual meeting of ...
Emerging Risks Pose Serious Challenges to Marine Industry: Allianz
An increasingly difficult operating climate for ship operators has forced a number of innovations, including larger ship sizes to capitalize on economies of scale, the use of alternative fuels and ...
U.S. SEC Charges Brokers in Scheme to Profit From Terminally Ill Through VA Sales
U.S. securities regulators filed civil charges against two brokers and seven others, saying they were involved in a scheme to profit from the death of terminally ill patients through variable annuity ...
Uber Expands Insurance Coverage for Ridesharing Drivers
UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing the concerns of U.S. regulators and lawmakers and creating broader acceptance of the services. ...
Senate OKs Bill to Curb Flood Insurance Hikes
The Senate on Thursday went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the ...
Benmosche $6M Bonus is 50% Above Target
Robert Benmosche, the chief executive officer of American International Group Inc., received a $6 million cash bonus for 2013, 50 percent more than his target amount. Benmosche, 69, also received a ...