News
Irma Is Now a Category 5 Storm Threatening Florida and the Caribbean
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma's maximum winds rose as high as ...
The Latest Launches From Berkshire Hathaway Specialty Insurance and Verisk/PCS
Verisk Analytics business Property Claim Services is launching a global cyber industry loss index. A Division of Berkshire Hathaway Specialty Insurance will pair with another company to offer travel ...
Executives On The Move at Zurich, XL Catlin and Starr Companies
Zurich Insurance is bringing on a former Swiss Re executive as its new group chief risk officer. XL Catlin appointed a former Zurich executive to a new leadership position at the carrier. Starr ...
Texas Insurers, Larger Carriers Can Handle Hurricane Harvey Pressures: A.M. Best
Texas insurers and larger carriers that do business in Texas will see some strains from Hurricane Harvey and the historic rains and flooding that followed. But A.M. Best expects them to withstand the ...
New Wells Fargo Disclosures May Jeopardize $142M Customer Class Action Settlement
Wells Fargo & Co.'s disclosure Thursday that employees may have opened significantly more unauthorized accounts than previously stated could jeopardize a $142 million class-action settlement with ...
Conflict Grows in Brexit Negotiations
British trade minister Liam Fox said on Friday Britain would not be blackmailed into agreeing on the cost of leaving the European Union, and urged Brussels to move negotiations on to discuss ...
Japan’s Sompo Holdings Will Sell Sompo Canopius to Centerbridge for $952M
Japan's Sompo Holdings Inc. announced it has agreed to sell Lloyd's re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the ...
Samsung, Following Archrival Apple, Will Start Testing Self-Driving Vehicles in CA
Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smart phone maker four months after iPhone ...