News
Kobe Steel Slammed With Lawsuits Over Data Tampering Scandal
Kobe Steel Ltd said on Friday it has been hit with lawsuits over its data tampering scandal and has had two more badges of industrial quality removed, the latest setbacks for the Japanese steelmaker ...
Swiss Re CFO Cole Will Step Down; Dacey to Replace Him
Swiss Re's group chief financial officer is stepping down, and the reinsurer is promoting from within to replace him. John Dacey, currently group chief strategy officer, will become group chief ...
GuideOne Insurance Hammered With A.M. Best Ratings Downgrades
GuideOne Insurance was hit with ratings downgrades from A.M. Best, designations assigned to the company, in part because of its operating results over the first half of 2017. Broken down, A.M. Best ...
Deal Struck to Begin Brexit Divorce Negotiations
The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the nature of the post-Brexit future. The deal, ...
Lloyd’s of London Proceeds With Brexit Plans in Quest for Certainty
Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel ...
Navigation Apps May be Steering L.A. Drivers Toward Fires
Navigation apps like Alphabet Inc.'s Waze, which can do wonders directing drivers through traffic, backfired for some motorists trying to maneuver around the wildfires that are raging across Southern ...
2018 Prediction: U.S. P/C Industry Will Take Time to Recover From 2017 Catastrophes
Property/casualty insurers in the U.S. will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to "significant underwriting profits," Fitch ...
XL Group Estimates $250M in Q4 Losses: Calif. Wildfires to Blame
XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...