U.S.
Insurers Propose Their Own Plan for PG&E Bankruptcy Reorganization
Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy. The ...
U.S. Judge Slashes $2B Roundup Verdict Against Bayer to $86M
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. ...
The Details on Arturo, a Deep-Learning Property Analytics Startup Actively Seeking Financing
Arturo's emergence was a bit atypical in terms of how the birth of an InsurTech has typically gone. Rather than beginning life as a pure play standalone startup, Arturo spun out of American Family ...
AIG’s Waldner Named as Insurer’s First-Ever Chief Sustainability Officer
A veteran American International Group executive has been named its first-ever Chief Sustainability Officer. In this role, Jennifer Waldner will be tasked with leading the development and ...
Argo Group Warns Q2 Earnings Will Take a Hit
Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play ...
GM’s Self-Driving Unit Delays Robotaxi Rollout Plans
General Motors Co.'s self-driving unit is backing off plans to deploy robotaxis by the end of this year, the latest indication of how auto and tech companies are struggling with the challenges of ...
Markel Puts CATCo into Run-Off, Launches New Retrocessional ILS Platform
Markel Corp. announced it is putting its Bermuda insurance linked securities unit Markel CATCo into run-off and also launching a new retrocessional ILS fund platform that will be ready to write ...
Insurers Wave Caution Flag at New Auto Safety Technology
Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes ...