News
Facebook Cyber Breach Affects 50M Users
Facebook Inc has discovered a security issue affecting about 50 million user accounts, the company said on Friday. Facebook said attackers stole Facebook access tokens through its "view as" feature, ...
Global Insurance Accelerator Begins Search for New Director; Hemesath to Take New Role
The Global Insurance Accelerator (GIA) has begun a search for a new managing director. Brian Hemesath, the current managing director who has taken GIA from concept to a leadership role in InsurTech, ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Goldman Sachs, Bank of America, Others Must Face Stock Lending Antitrust Suit
Major banks including Goldman Sachs Group Inc., Bank of America Corp., Credit Suisse Group AG and JPMorgan Chase & Co. must face allegations that they conspired to prevent the "antiquated" stock ...
UK Insurer Shares Tank After Hostile Weather and RSA Profit Warning
Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country's nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its ...
The Latest Launches From Aon and Marsh
Aon co-developed a policy designed to help provide financial support after a terrorist attack. Marsh is expanding its collaboration with IBM to provide clients access to the industry's first ...
Few Small Businesses in Puerto Rico Had Full Insurance Before Hurricane Maria
Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year's Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, ...
S&P Ratings Outlook Improves for Berkshire Hathaway Insurance Subsidiaries
Berkshire Hathaway's insurance subsidiaries are the beneficiaries of an improved ratings outlook from Standard & Poor's Global Ratings. S&P said it revised its outlook to stable from negative ...
Zurich Commits $414M to Acquire Majority Stake in Indonesia Insurer
Zurich Insurance is acquiring an 80 percent stake in Indonesia's Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on ...