Industry News
Automakers Risk Fresh Liabilities With Latest Takata Air Bag Recalls
Takata Corp's bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers ...
AXA Will Offer Uber Drivers Accident Cover in France
Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment. In France, as in ...
UK Lawmakers Explore How to Keep Post-Brexit EU Access for Insurers, Banks
British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial ...
Climate Shift Leaves UK Bracing for Record Wet Winters, Flooding
Britain faces a future of record-breaking wet winters, potentially leading to more of the widespread flooding seen in recent years, according to new modeling that incorporates changing climate ...
Regulators Reportedly Reviewing Wells Fargo After Unauthorized Release of Sensitive Client Data
Wells Fargo & Co., already in the regulatory spotlight because of last year's fake-account scandal, is drawing renewed scrutiny after a lawyer's unauthorized release of sensitive client details ...
U.S. Insurance Results Will Largely be Shaped by Hail, Pummeled Cars
A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a trail of smashed windows, dented hoods and millions of dollars' worth of claims for ...
Executives On The Move at GEICO, Great American, Ironshore and Markel
Great American Insurance Group hired three new executives for its Singapore branch. GEICO promoted two executives in its general council and claims divisions. Markel International named a new ...
Q2 InsurTech Funding Hovers Close to $1B as Demand Grows Unabated
InsurTech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from ...