U.S.
Trump’s Relaxation of Safety Regs Rolls Back Risk-Reduction Disaster Rules
The Trump administration's move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules ...
Financial Firms, Regulators Urged to Be More Agile on Cybersecurity Risks
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats. Financial ...
Mitsui Sumitomo Insurance Reorganization Plan Leaves A.M. Best Rating Unchanged
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans ...
Arch Re to Snatch Up Aspen Re’s Global Credit and Surety Business
Arch Reinsurance said it will acquire global credit and surety renewal rights from Aspen Re, now that the latter company is exiting the line. Both parties have also agreed to start additional ...
Boeing Reports Settlement of More Than Half of Lion Air Crash Lawsuits
Boeing Co has settled more than half of some 118 cases related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday. ...
Hippo Makes an Acquisition Intended to Strengthen Its Home Insurance Services
Hippo Insurance has acquired an early-stage startup designed to beef up its digital home insurance services for clients. The InsurTech startup and managing general agent said it snatched up Sheltr, a ...
The Latest Launches From AXA XL, Bold Penguin/CNA and W.R. Berkley
AXA XL launched a six-week program designed to enable client risk managers to develop new products and services for complex risks. CNA is now officially part of a new commercial insurance platform ...
GM Accuses Fiat Chrysler of Racketeering in New Corruption Lawsuit
General Motors Co. hit Fiat Chrysler Automobiles NV with a blockbuster racketeering lawsuit, alleging a years-long bribery and corruption scheme that has sent United Auto Workers and Fiat Chrysler ...