News
U.S. Supreme Court Rejects Charles Schwab Appeal in Breach-of-Contract Dispute
The U.S. Supreme Court on Monday left intact an appeals court decision that allowed a financial adviser to sue Charles Schwab Corp over allegations that the brokerage firm deviated from objectives ...
Auto Injury Claims Costs Keep Rising Even With Safer Vehicles: IRC
Auto injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, the Insurance Research Council found in a new report. The ...
U.K. to Sell at Least $3B in Lloyds Banking Group Shares to Private Investors
Britain's finance ministry said it will sell at least 2 billion pounds ($3 billion) worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full ...
Global Capital Standards Finalized For AIG and 8 Other Insurers
The world's nine biggest insurance companies will have to hold more capital under new rules just finalized by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. ...
BP’s Record Oil Spill Settlement Rises Another $2 Billion
The value of BP Plc's settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill will rise to $20.8 billion, an increase of $2 billion from an agreement reached in ...
Allstate’s Esurance Debuts Pay-Per-Mile Auto Insurance
Allstate-owned Esurance has begun marketing auto insurance for which consumers essentially pay by the mile. The new product is called "Esurance Pay Per Mile," coverage enabled by a small telematics ...
Slowly But Surely, Insurers are Turning to Mobile and Big Data
Insurers are increasingly investing in new technology areas such as mobile and big data along with the usual legacy system updates, Novarica found in its latest annual study of U.S. insurer IT ...
Hurricane Joaquin Fades as U.S. Threat; Bahamas Still Vulnerable
A weakening Hurricane Joaquin probably won't be a threat to the U.S. as it turns north in the Atlantic away from the Bahamas, where it's battering the islands with winds that fell to 125 miles (200 ...