News
Travelers: Cyber Threats, Medical Costs, Legal Issues Top Business Concerns
Cyber risks, medical cost inflation and legal liability are among the top concerns for American businesses of all sizes, according to results from the 2015 Travelers Business Risk Index. There is ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
New York’s Top Financial Regulator to Leave, Launch Cybersecurity Consulting Firm
Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and ...
Hiscox Extends Crime Protection to Financial Institutions
Specialist insurer Hiscox has announced enhancements to its crime and fidelity platform with the addition of financial institution bond coverage. The new coverage protects financial services ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...
AIG Snatches Up ING Benefits Network to Boost Multinational Business
American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients. AIG purchased a controlling stake in the network, which includes ...
JC Penney Faces Class Action Lawsuit Alleging Bogus Discounts
A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good ...