U.S.
Calif. Wildfires Could Leave Behind $8B in Insured Losses: Aon Benfield
California's historic wildfires may lead to as much as $8 billion in insured losses. That's a record for insurers, according the October 2017 Global Catastrophe Recap from Aon Benfield's Impact ...
Colgate-Palmolive Settles Talc/Asbestos Lawsuit
Colgate-Palmolive Co. agreed to settle a lawsuit claiming its talcum-powder products caused a Pennsylvania woman to develop mesothelioma, a fatal lung disease tied to asbestos exposure. New ...
Climate Risks Leave Insurers Bracing for Perilous Future
After one of the worst Atlantic hurricane seasons in history, the world's biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against ...
Insurers Could Pay Up $1B-Plus for Las Vegas Massacre Costs
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and ...
Hub International Will Acquire Wells Fargo’s Crop Insurance Broker Business
Hub International will snatch up the assets of Wells Fargo Insurance's crop insurance broker business. Neither side disclosed financial details. Hub International is already a large, global ...
Waymo’s Driverless Ride-Hailing Service Will Start Testing in Arizona
Alphabet Inc's Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John ...
AmTrust Lost $174.7M in Q3, Hammered by Catastrophe Costs
AmTrust Financial Services reported significant net losses in the 2017 third quarter, a dip in gross written premium and a skyrocketing combined ratio. Net losses hit $174.7 million, or $0.89 per ...
Lavey Will Run The Hanover’s Personal, Core Commercial Lines Business
The Hanover Insurance Group named a long-term veteran of the company to lead its personal and core commercial lines business. Richard Lavey, who will handle these responsibilities as president of ...