News
J&J Cleared of Talc Cancer Liability in California Jury Trial
A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos ...
UK Cabinet Backs May’s Brexit Plan; Divisions Remain
After more than five hours of being locked away with her Cabinet, Prime Minister Theresa May emerged from her office and in less than five minutes announced she'd wrested their backing for her Brexit ...
Hippo, Seller of Online Homeowners Insurance, Attracts $70M in New Financing
Hippo, a provider of super-quick homeowners insurance, said it has pulled in a new $70 million financing round designed to fuel an ongoing expansion of its customer-focused online products and ...
New Global Insurance Accounting Rule Could Be Delayed One Year
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money. A spokeswoman for the International Accounting ...
With an Eye on Avoiding Financial-Market Chaos, EU Unveils No-Deal Brexit Plans
The European Union pledged to allow U.K. financial infrastructure firms such as London Stock Exchange Group Plc's clearing unit to continue serving the bloc in the event of a no-deal Brexit. The ...
SCOR Forces Resignation of Covéa CEO From Board Following Spurned Takeover Bid
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR ...
National General Will Buy QBE North America’s Farmers Union Business
QBE North America plans to sell its Farmers Union Insurance business to National General Holdings Corp. for an undisclosed price. The sale reflects QBE North America's ongoing effort to pare down and ...
The Latest Launches From Root and GuideOne
Root Insurance said it will start giving its customers who prove they're not using cellphones while driving additional savings on their insurance policies. GuideOne Insurance debuted an online ...