Industry News
Chubb Honored at IICF Charitable Gala That Raised $1.4M
Chubb was recognized for charitable giving at an annual gala that raised more than $1.4 million to support grants in the Northeast. Over 900 insurance professionals attended the Insurance Industry ...
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...
Carl Icahn Named Trump Special Adviser for Regulation Overhaul
President-elect Donald Trump named billionaire investor Carl Icahn a special adviser to help him overhaul federal regulations in ways the Republican said would promote business growth. "His help on ...
P2P Startup Lemonade Seeks 46-State Expansion
Lemonade is eyeing a national expansion after filing for a license to operate in 46 states and the District of Columbia. The peer-to-peer insurance startup focused on renters and homeowners insurance ...
Donegal Mutual and Mountain States Announce Strategic Affiliation
Donegal Mutual Insurance Co. and Mountain States Mutual Casualty Co. have announced plans for a strategic affiliation. Subject to regulator and policyholder approval, Mountain States will merge into ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...
VW Reaches $1B Agreement to Settle Emissions-Cheating Scandal Lawsuits
Volkswagen AG took an important step in digging out from its emissions-cheating scandal by reaching a $1 billion agreement to settle lawsuits over tainted 3.0-liter diesel engines. The preliminary ...
Credit Suisse Reportedly Resisting $5B-$7B Penalty Over Toxic Mortgage Debt
The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial ...