News
CNA to Sell Life, Group Insurance Unit to Wilton Re
CNA Financial Corp. said it would sell its life and group insurance business, on the same day that parent Loews Corp. reported a bigger quarterly loss, hurt by impairment charges. CNA said it was ...
Tower Group International CEO Lee Resigns; Fox Returning as CEO
Tower Group International, Ltd. (Tower) announced Friday that Chairman, President and Chief Executive Officer Michael H. Lee, has resigned from the company and the company's board of directors to ...
Travelers Increases Board to 12 Members; Ruegger Named a Director
Travelers Cos., the only insurer in the Dow Jones Industrial Average, increased the number of directors on its board from 11 to 12. The board elected Philip T. Ruegger III as a director, the insurer ...
First American Acquiring Verisk’s Interthinx for $155 Million
First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The ...
Nearly One-Quarter of Insurance Consumers Would Buy Cover from Amazon, Google: Accenture
Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service ...
HVAC Contractor at Center of Target Breach
The Target Corp hackers managed to break into its payments network by first breaching a "data connection" between the U.S. retailer and its heating and ventilation systems contractor, a ...
Study of Possible Wall Street Broker Conflicts Leaked; Authors Warn Against Quick Judgments
A new academic paper about potential conflict of interest in large retail brokers' routing of limit orders has stirred controversy on Wall Street and caught regulators' attention—even before the ...
January Cold, Snow in U.S. to Cost Insurers $1.6 Billion: Aon
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and ...