U.S.
Hurricane Barry Produced Nearly $300M in Insured Losses: Karen Clark & Company
Hurricane Barry fizzled quickly into a tropical storm, but the weather event generated nearly $300 million in insured losses, according to the catastrophe modeling firm Karen Clark & Company. KCC ...
Insurers Will Drastically Boost Spending on Robotic Process Automation: Study
Insurers are expected to drastically boost their spending on robotic process automation over the next five years as they seek to spur revenue growth by cutting costs, according to a new study from ...
EU Braces for the UK’s Boris Johnson, Preparing for a No-Deal Brexit or Another Delay
The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain's prime minister next week with a pledge to renegotiate a deal the bloc says it will not ...
Prosecution Accuses J&J of Avoiding Responsibility for Allegedly Fueling Opioid Crisis
Even after illegally promoting opioid painkillers to reap billions of dollars in profit over the past two decades, Johnson & Johnson has accepted "zero responsibility'' for its central role in ...
Roundup Jury Award Slashed to $25.3M; Bayer Appeal Still Planned
A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company's ...
U.S. Workers Comp On Track for a Fifth Consecutive Year of Underwriting Profits: Fitch
The U.S. workers compensation insurance market is likely to post a fifth consecutive year of underwriting profits in 2019 after stellar results in 2018, Fitch Ratings is predicting in a new report. ...
Executives On The Move at Allianz Global Corporate & Specialty and AIG
Allianz Global Corporate & Specialty SE appointed three executives to divisions covering areas including alternative risk transfer and global political violence. A former Accenture executive ...
Democrats Propose Barring Big Tech Companies From Offering Financial Services, Digital Currencies
A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the ...