U.S.
Autonomous Vehicles Could Shrink Auto Insurance Sector by 71% Through 2050: KPMG
While many insurance experts believe that autonomous vehicle technology could drastically shrink the auto insurance sector, new KPMG research assigns a precise estimate to the drop. The number is ...
AIG Ex-CEO Hancock to Get $9.58M in 2016 Compensation
American International Group Inc shareholders on Wednesday approved the company's 2016 compensation for executives, including the insurance giant's former chief executive, Peter Hancock. Shareholders ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Zurich Closes Purchase on Halo, a UK Online Rental Car Platform
Zurich is the proud new owner of Halo, a specialist, UK-based online rental car insurance platform that will help it further a strategy of growth in global travel and assistance markets. Neither side ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...
Munich Re’s Tornado VR Experience Demonstrates Need for Resilient Homes
Munich Reinsurance America has developed an immersive Tornado Virtual Reality Experience to demonstrate the devastating power of tornadoes and the need for resilient homes. The reinsurer is bringing ...
New, Massive Ransomware Attack Spreads Around the World
A new cyberattack similar to WannaCry reached parts of Asia after hitting businesses, port operators and government systems in Europe, U.S. and South America. A terminal operated by A.P. ...
Wells Fargo Selling Commercial Insurance Business to USI Insurance
Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA, which includes commercial ...