News
Liberty Mutual Buying Rest of Quinn Insurance in Ireland
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn't already own from failed lender Irish Bank Resolution Corp. The company ...
Universal, Fireman’s Fund Seek ‘Fast and Furious’ Solution Following Star’s Death
When "Fast And Furious" star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn't the first time a studio and its insurer faced such a situation, but the ...
SEC Hikes Limit for Small Stock Deals to $50M Under JOBS Act
The U.S. Securities and Exchange Commission unanimously proposed boosting by 10 times the amount of money companies can raise under a simplified public offering, the agency's latest step to ease ...
JPMorgan Seeks More Than $1B From FDIC Over WaMu claims
JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims ...MAPFRE|Commerce Insurance Unveils Telematics Program in Massachusetts
MAPFRE | Commerce Insurance announced the launch in Massachusetts of its DriveAdvisor Program. The new program will allow eligible Massachusetts drivers to receive information on driving patterns and ...
AmWINS’ DeCarlo Will Be City of Hope’s 2014 Spirit of Life Award Honoree
The City of Hope and the National Insurance Industry Council said M. Steven DeCarlo, CEO of Charlotte, North Carolina-based AmWINS Group Inc., will be honored at the NIIC's 2014 Spirit of Life Award ...
Total Catastrophe Losses in 2013 at $130B, Insured Losses at $44B: Swiss Re
Swiss Re AG, the second-largest reinsurer worldwide, said natural and man-made catastrophes in 2013 caused $130 billion in economic losses tied to floods, hailstorms and other events. Insured losses ...
Sompo Japan Expanding Overseas with Acquisition of Canopius for $963M
Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it expands beyond ...