News
Brexit Will Cause ‘Slow Puncture’ of Britain’s Financial Sector
Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, ...
Stable Outlook for Private Passenger Auto in 2019: A.M. Best
Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment ...
Equifax Breach Stemmed From Lack of Modern Tech Security Despite Aggressive Growth
Equifax Inc. failed to modernize its technology security to match the company's aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the ...
Big Coal Wants Taxpayers to Cover Costs of Anti-Pollution Technology
Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world's biggest oil, natural gas and mining companies are stepping up their ...
State Farm Testing Blockchain Tech for Auto Claims-Related Subrogation
State Farm said it is testing a blockchain product for auto claims-related subrogation. Subrogation is typically the last part of an insurance claims process, where one insurance company recovers ...
BHSI Pulls Out of Hong Kong Employees’ Compensation Terrorism Pool
Berkshire Hathaway Specialty Insurance Co. disclosed it has withdrawn from the Hong Kong Employees' Compensation (EC) terrorism pool. BHSI claims to now be the first insurer in Hong Kong to provide ...
A.M. Best Keeps Stable Outlook for U.S. Commercial Lines, Despite Pricing Pressure Worries
The U.S. commercial lines segment gets to keep its A.M. Best stable outlook, based on a variety of market conditions and government actions that have left it in mostly solid shape. Healthy ...
VW Denies Allegations Its Chairman Knew Early About Emissions Test Cheating
Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker's emissions test cheating almost three months before U.S. authorities made it public in September 2015. ...