Industry News
N.J. Life Insurance Agent Charged With Stealing Client Identities
State authorities say a former insurance agent assumed the identities of former clients to fraudulently apply for new life insurance policies in their names. Marta Cristina Cunha is charged with ...
Fairfax Seeking to Raise $1B From Africa Fund IPO
Fairfax Financial Holdings Ltd., the Canadian insurer that announced its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in ...
2017 Predictions Part IV: Hong Kong, China Face Tech-Related Insurance Industry Disruption
The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but ...
Nationwide: Housing Downturn Risk Is Low for 2017
A new Nationwide study found low risk for a U.S. housing downturn in 2017, thanks to solid job growth, falling delinquency rates and improving demographics. But a deeper dive shows that markets east ...
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 ...