News
Icahn Win: AIG to Change CEO Pay Measure
American International Group Inc. abandoned the use of credit-default-swap spreads as a measure of long-term performance for its chief executive officer -- a partial victory for activist investor ...
Guidewire to Acquire EagleEye Analytics
Guidewire Software has agreed to acquire EagleEye Analytics, a provider of SaaS-based predictive analytics products specifically designed for property/casualty insurers. Financial terms were not ...
How to Use Big Data to Prevent Claims Instead of Paying Them
With policyholders carrying barometers disguised as smartphones in their pockets every day and telematics devices capturing car locations, insurers and their customers stand to gain big benefits from ...
Full U.S. Adoption of Self-Driving Cars Likely By 2055: Moody’s
Near-universal adoption of self-driving cars in the United States is likely by around 2055 and poses a long-term threat to auto insurance companies, Moody's Investors Service said in a research ...
XL Catlin Backs Startup Developing On-Demand, Pay-Per-Use Insurance for Rideshare Drivers
XL Catlin's investment arm is helping to back an insurance startup designed to provide on-demand, pay-per-use insurance for rideshare drivers. Slice Labs is the new startup, and it disclosed $3.9 ...
China Tech Outfit Discloses Intent to Buy Unnamed Reinsurance Group
A Chinese high-tech operation said it plans to snatch up a group of reinsurance companies in a diversification move. China Goldjoy Group Ltd., formerly known as World Wide Touch Technology Holdings ...
Ex-AIG CFO Herzog Joins Ambac’s Board as Proxy Fight Looms
Ambac Financial Group Inc. appointed former American International Group Inc. Chief Financial Officer David Herzog to its board as the bond insurer works to fend off activist investor Canyon Capital ...
FBI Seeks Help from U.S. Businesses in Ransomware Hacker Investigation
FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of "ransomware" virus used by hackers for extortion. "We need your ...