U.S.
Samsung, Following Archrival Apple, Will Start Testing Self-Driving Vehicles in CA
Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smart phone maker four months after iPhone ...
EMC Insurance COO Hovick to Retire in January
Kevin Hovick, the long-time chief operating officer of EMC Insurance Group, is retiring after a career with the property/casualty insurer spanning more than 38 years. Hovick, who also has the title ...
Wells Fargo Admits Discovery of 1.4M Additional Bogus Customer Accounts
Wells Fargo & Co will refund nearly 2 million more customers for charges they should not have incurred after expanding a review of improper sales practices, the third-largest U.S. bank said on ...
Ex-Marsh Exec Bob Newhouse Has Died; Was Insurance Industry Innovator
Former insurance industry executive and innovator, Robert "Bob" J. Newhouse Jr., died on August 26, 2017, following a brief illness. He spent 36 years at Marsh & McLennan Cos. (MMC), where he ...
Drones to Assess Harvey Damage Will Share Space With Other Tech
In the aftermath of Hurricane Harvey and the flooding that followed, property/casualty insurers are ramping up for their widest use of drones to date to help facilitate the processing of catastrophe ...
S&P: Primary P/C Insurers—Not Reinsurers—to Bear Brunt of Harvey’s Insured Losses
While it's too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers—as opposed to reinsurers—will retain the majority of losses, according to ...
Warren Buffett: Now Bank of America’s Biggest Shareholder
Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an ...
Insurers Might Escape Harvey-Related Legal Fights Due to New Texas Law
As if victims of Hurricane Harvey didn't have enough to deal with, a Texas law that takes effect Sept. 1 may make it harder for them to sue insurers for payment of claims. Texas House Bill 1774, ...