News
Crash Concerns Leave Airlines Rethinking $55B in Boeing Orders
The Boeing Co. 737 Max crash in Ethiopia looks increasingly likely to hit the planemaker's order book as mounting safety concerns prompt airlines to reconsider purchases worth about $55 billion. ...
Wells Fargo CEO Insists Scandals, Risk Management Woes in Past; Regulator Disagrees
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional ...
Fitch Notes Realized Benefits of Kemper’s $1.3B Infinity Acquisition
Kemper Corp. earned some kudos from Fitch Ratings over its improved financial strength, and a subsidiary gained an outlook upgrade. Specifically, Fitch affirmed Kemper's "A-" (Strong) financial ...
PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units
PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process. Effective April 1, ...
UK Likely to Vote for Brexit Postponement After May’s Deal Rejected Again
U.K. Prime Minister Theresa May's Brexit deal was rejected once again by Parliament, throwing the country deeper into political crisis and raising the prospect that the divorce will be delayed or ...
Insurers Get Apology From Attorney Responsible for Giant Workers Comp Fraud
Sean Enrique O'Keefe said he started out as a "humanistic attorney," but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers compensation claimants to ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...
Insurance Rates Could Climb in Flood-Prone Areas Under Trump Administration Plan
Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is ...