Industry News
Irish Border Complicates Brexit Deal Chances
Theresa May came closer than ever on Monday to the Brexit deal she's been working on for months. A last-minute upset over the Irish border left all parties embarrassed and doesn't bode well for a ...
Former NAIC Leader Huff to Take Over Association of Bermuda Insurers and Reinsurers
An ex-chief insurance regulator for Missouri will take over the Association of Bermuda Insurers and Reinsurers starting in January 2018. John Huff, the immediate past president of the National ...
XL Catlin, Chubb Top J.D. Power Ranking of Large Commercial Insurers
XL Catlin ranks highest among large commercial insurers in terms of customer satisfaction, J.D. Power found in its latest study. The insurer and reinsurer scored 806 out of a possible 1,000-point ...
Willis Towers Watson Closes Sale of Telematics Tech to Octo
Willis Towers Watson has completed the sale of its usage-based insurance assets to Octo Telematics, a U.K.-based telematics company focused on the auto insurance industry. Both sides first announced ...
Direct Line’s Discount Encourages Switch to Tesla Autopilot System
Britain's largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the car's autopilot system, seeking to encourage use of a system it hopes ...
Congress Skeptical About Trump’s $12B Plan to Reduce Future Flood Damage
The Trump administration's proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane ...
Hartford Will Unload Talcott Resolution Life/Annuity Unit in $2.05B Deal
Insurer Hartford Financial Services Group said on Monday it would sell its life and annuity unit to a group of investors in a deal valued at $2.05 billion, as it looks to focus on its property and ...
Brexit Talks Could Be Damaged by Issues Over European Court of Justice
Brexit talks risk being torpedoed by the taboo issue of the European Court of Justice, a senior British official said, as Theresa May heads to Brussels on Monday with the best offer her party will ...