Industry News
Anbang Insurance Workers Comp Complaint Seeks to Reveal Ownership Secrets
A U.S. labor group representing more than 1,000 workers at hotels owned by Anbang Insurance Group Co. is asking authorities to force the Chinese firm to disclose its ownership and financing. The ...
Zurich Net Income Grows by Double Digits; Restructuring Program on Track
Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and ...
Takata Hopes Latest U.S. Bankruptcy Filing Will Pause Air Bag Lawsuits
Japanese auto supplier Takata Corp filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators - more than a month after its ...
Post-Hurricane Andrew, Miami Is Increasingly Vulnerable to Catastrophic Storm Damage: Swiss Re
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city's vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance ...
Executives On The Move at Erie Insurance and JLT Specialty USA
Erie Insurance has a new senior vice president for Commercial Product. JLT Specialty USA brought on an Aon veteran as a new partner. *** Erie Insurance appointed Sarah Shine as a senior vice ...
Insurance M&A Deals Now at Lowest Level Since 2015: Clyde & Co.
The volume of completed mergers and acquisitions in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second ...
Tesla Developing Self-Driving Trucks, Pushing for Tests in Nevada
Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according ...
Autonomous Car Makers Pursue Sharing of Risk and Investment
BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another ...