U.S.
JLT to Merge With Lloyd & Partners, Pursue U.S. Specialty Expansion
Jardine Lloyd Thompson Group plc (JLT) caught merger fever again. The provider of insurance, reinsurance and employ benefits-related advice and services said it would merge one of its divisions with ...
Marijuana-Linked Accounts Elicit Caution From Big U.S. Banks
Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. Officials at the bigger institutions say they fear ...
Why Many Californians Take Their Chances Without Earthquake Insurance
During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California. He estimates about half his ...
JPMorgan, Other Banks Focus of Latest Cyber-Attack
JPMorgan Chase & Co., the biggest U.S. bank, said it increased defenses against computer hackers after an attack against the industry this month. The lender is working with U.S. authorities to ...
Hurricane Forecaster Favors Brief and Ugly Storms
When it comes to Atlantic hurricanes, brief and ugly is beautiful, at least to Phil Klotzbach, lead author of Colorado State University's seasonal storm forecast. That's because a ragged-looking ...
Enstar to Pay $218M For South Carolina P&C Company
Bermuda-based Enstar Group Ltd. said it will grab Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina for $218 million. The deal represents an expansion of ...
Is FIO About to Step Into Data Collection?
The Federal Insurance Office (FIO) has taken a step toward fulfilling one of its obligations under the Dodd-Frank Act—a step that may ultimately have significant implications for auto insurers. ...
Napa Quake Making Municipal-Bond Investors Nervous
Municipal-bond investors are trading a record amount of debt from Napa County, California, in a sign that some may be concerned about damage from the strongest earthquake to hit the wine-growing area ...