Industry News
FBI Seeks Help from U.S. Businesses in Ransomware Hacker Investigation
FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of "ransomware" virus used by hackers for extortion. "We need your ...
Warren Buffett’s Berkshire Hathaway Boosts Wells Fargo Ownership Stake
Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its ownership stake in Wells Fargo & Co to 10 percent, a level that could mean increased federal scrutiny over the ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
The Hartford Adds Five More Teams to Major League Baseball Sponsorship
The Hartford is boosting its advertising investment in Major League Baseball. Already a sponsor of five teams, The Hartford said it will add five more to the list: the Atlanta Braves, Baltimore ...
Asia Investment Grabs Big Chunk of Global P/C M&A Pie: Conning
Insurance industry M&A truly went global in 2015, and a noteworthy chunk of the attention came from China and Japan. Conning summarizes the scope of this in a new report, and the author said he ...
Ironshore International Acquires Savannah Insurance Agency
Ironshore International has acquired Savannah Insurance Agency of Sydney, Australia, effective immediately. Savannah Insurance Agency's team of underwriters will join Ironshore Australia's offices, ...
ISO Will Gather and Analyze Terrorism Insurance Data for U.S. Treasury Dept.
The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with ...
Graphic Insight: Stronger Results for Regionals in 2015
Although operating earnings for a group of 31 property/casualty commercial insurers analyzed by Fitch Ratings decreased more than 7 percent in 2015, some of the smallest—a group of five regional ...
South Dakota Becomes 32nd State with a Ridesharing Insurance Law
South Dakota recently became the 32nd state to approve a law that requires ridesharing drivers to carry insurance for all parts of a ridesharing experience. South Dakota Gov. Dennis Daugaard signed ...