News
Disney to Fork Over $100M In No-Poaching Lawsuit Resolution
Walt Disney Co. agreed to pay $100 million to resolve claims it colluded with other animation studios to not hire one another's workers in California, where allegations of no-poaching pacts have ...
Volkswagen Will Pay $1.2B to Resolve U.S. Consumer Diesel Engine Claims
Volkswagen AG agreed to pay $1.2 billion to resolve U.S. consumer claims over tainted large diesel engines, adding to the carmaker's financial burden as it works through a pile of legal challenges ...
W.R Berkley’s Q4 Produced Both Higher Investment Income and Cat Losses
W.R. Berkley's 2016 fourth quarter was a productive one despite higher catastrophe losses, with soaring investment income and a steady increase in premiums. The insurer reported nearly $153 million ...
Uber, Daimler Link Up in Partnership for Self-Driving Vehicles
Daimler AG, the manufacturer of Mercedes-Benz, has struck an agreement with Uber Technologies Inc. to include the German company's self-driving vehicles on its ride-hailing network in the "coming ...
Telematics-Based Car Policies in UK Reached New Highs During 2016
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers' Association (BIBA). ...
S&P Downgrades Certain AIG Ratings; Stable Outlook Maintained
American International Group's anticipated reserve charge has attracted the attention of Standard & Poor's, which has downgraded certain ratings in light of the disclosure. S&P said it ...
Liberty Mutual’s Safeco Appoints Asher as President; Will Focus on Innovation, Analytics
Liberty Mutual's Safeco Insurance appointed a new president,an insider who has focused on analytics and other innovations. Tyler Asher takes over Safeco after nearly 18 years with the insurer in ...
Ex-EPA Transition Head: U.S. Will Change Course on Climate Policy
The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump's Environmental Protection Agency (EPA) ...