News
Slowed iPhones Lead to Lawsuits, Apple Apology
Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users ...
While P/C Insurers Stand to Gain From Trump Tax Cuts, Reaction Not All Rosy
Many insurers and insurance agencies will gain big from the massive tax reform package passed by Congress just before Christmas. Many industry groups celebrated the bill's passage and its ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
China’s Fosun Group Turns to Local M&A; $3B in New Bonds Reportedly Planned
Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments ...
Utica National Joins Billion-Dollar Direct Written Premium Club for First Time
Utica National Insurance Group has announced that it has become a billion-dollar company for the first time in its nearly 104-year history. The company surpassed $1 billion in direct written premiums ...
Watsa’s Fairfax Financial Closes $1.6B Sale of Singapore Insurer to Mitsui Sumitomo
Fairfax Financial Holdings said it has successfully sold off a Singapore insurer it owned to Japan's Mitsui Sumitomo Insurance Company for $1.6 billion. The deal between the Toronto, Canada-based P/C ...
Carrier Management’s Top 10 News Stories of 2017
Carrier Management's top 10 2017 news stories involved some interesting industry developments. AmTrust had some accounting issues, since resolved, that drew significant reader interest. Former AIG ...
Preparing for Unimagined Possibilities: A Guide to Future Strategy Planning for Insurers
Imagine that your car, acting on information from your AI-powered virtual assistant that you didn't get enough sleep, suggests driving itself to your morning meeting—and if you refuse, talks to ...