Industry News
AXIS Loses Money in Q4; CEO Benchimol Insists Insurer Is Improving
AXIS Capital Holding's 2019 fourth quarter was a money-loser, culminating a year hampered by Japan's typhoons and poor U.S. crop conditions, among other obstacles. Still, the company's results are ...
W.R. Berkley Sees Higher Premiums; Investment Results Ding Net Income
W.R. Berkley Corp. said its gross premiums written grew by more than 10 percent in the 2019 fourth quarter, thanks in part to accelerated rate increases. But net income dipped compared to the same ...
Buffett’s Berkshire Hathaway Inks Deal to Sell Newspaper Unit
Warren Buffett is getting out of the newspaper business. Berkshire Hathaway Inc. agreed to sell its BH Media unit and its 30 daily newspapers to Lee Enterprises Inc., which owns papers including the ...
European Carriers May Need More Protection for Policyholders if Insolvency Happens: EU
Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer ...
Many Global Firms Face Heavy Coronavirus Costs, Due to Epidemic Cover Exclusions
Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from ...
Aviva Email to Thousands of Customers Calls Them ‘Michael’ by Mistake
Aviva plc recently made a doozy of a customer service mistake, accidentally using the same name for several thousand of its customers. The British multinational general and life insurer sent an email ...
Business Interruptions Spread Globally as Coronavirus Cases Grow
Facebook Inc. is restricting employee travel to China, while other big companies including and Nissan Motor Co. and Starbucks Corp. are taking measures to shield employees in areas hardest hit by a ...
Nationwide Invests in KINETIC, a Tech Startup Focused on Reducing Workplace Injuries
Nationwide said it has invested in KINETIC, a startup that makes a smart wearable device and software platform designed to reduce workplace injuries. The investment comes through Nationwide's venture ...