News
Equifax Breach Could Be Most Expensive Corporate Hacking Ever
Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most ...
AIG Will Sell Travel Insurance to Expedia’s Customers
Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company's global customers. ...
Shah Departs as RMS CEO; Silicon Valley Vet White Replaces Him
Hemant Shah is out as CEO of catastrophe modeler RMS, and veteran Silicon Valley technology executive Karen White has been appointed to replace him. It is unclear if Shah, who is also an RMS ...
Pie Insurance Rolls Out First Online Workers Comp Policies in 4 States
Pie Insurance said it is ready to start selling its first workers compensation policies, and the InsurTech startup expects to be operating in 15-20 states by the end of 2018. Policies are slated to ...
Global Insurers Flock to Luxembourg, Prepping for Post-Brexit Operations
More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country's financial development agency said on Thursday, linking the ...
Chubb Won’t Cover Harvey Weinstein’s Legal Defense
Insurer Chubb Ltd is refusing to pay for Harvey Weinstein's legal defense against 11 lawsuits that accuse the movie producer of sexually harassing or assaulting women over the past three decades, ...
Wells Fargo, Ex-CEO Fail to Squash Shareholder Lawsuit Over Fake Accounts
A federal judge denied Wells Fargo & Co.'s request to dismiss a shareholder lawsuit triggered by the bank's plummeting stock price after it admitted in 2016 to creating millions of fake accounts, ...
AmTrust Will Go Private; Deal Involves CEO Zyskind, Stone Point Capital
AmTrust Financial Services has sealed a deal to become a private company, after first disclosing plans to do so in early January. "This transaction represents an exciting step forward for AmTrust, ...