News
Property Catastrophe Reinsurance Rate Hike Momentum Sputters: Willis Re
Any momentum for property catastrophe reinsurance rate hikes in place earlier this year has largely dissipated during the June/July renewals, and some pricing has even dipped, Willis Re said in its ...
VW Employee Sues Company, Alleging Widespread Age Discrimination
A Tennessee employee of Volkswagen AG sued the automaker and alleged that it has been systematically discriminating against older workers in wake of a massive emissions scandal that tarnished the ...
UK PM May Seeks to Force Brexit Reckoning
This could be a deadly month for Theresa May. Unpopular at home and in Brussels, the British leader will try to restore order with a Cabinet lock-in at her country estate that's been dubbed the body ...
Tariffs, Congressional Negotiations Put Pressure on U.S. Subsidized Multiperil Crop Insurance: A.M. Best
Farm bill negotiations in Congress will potentially place serious pressure on the U.S.-subsidized multiperil crop insurance market, a new A.M. Best report concludes. Here's why: Typically, the ...
Kemper/Infinity Property and Casualty M&A Deal to Close July 2
Kemper Corp. expects to complete its $1.3 billion cash and stock acquisition of Infinity Property and Casualty Corp. on July 2. Both companies disclosed on June 28 that they have all the necessary ...
Lloyd’s CEO Beale Will Depart Sometime in 2019
Lloyd's of London today announced that Chief Executive Officer Inga Beale will step down next year after leading the global insurance and reinsurance market for five years. An exact departure date ...
Greater Natural Gas Use Could Address Global Warming, Says BP and Chevron
To reduce emissions and provide affordable electricity, the world needs to burn more fossil fuels, not less. That's the message being delivered by the world's biggest energy companies at the World ...
Allstate CEO Wilson Warns AI Will Slam Economy With ‘Tsunami’-Like Force
Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. "It's going to rip through this economy like a tsunami," Wilson said ...