U.S.
Investment Income Helped Boost CNA’s Q1 Results
CNA Financial Corp. saw big gains in its 2017 first quarter net income, mostly coming from a boost in net investment income and lower underwriting expenses. Net income for Q1 came in at $260 million ...
Lehman Pursues $2B in Alleged ‘Phantom’ Citi Fees as Trial Starts
Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is ...
The Hartford CEO Swift Open to Larger Acquisitions That ‘Accelerate’ Existing Growth Plans
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy M&A deal in mid-2016. ...
The Hartford Performs Well in Q1, Despite Higher Personal Auto Losses
The Hartford scored with its 2017 first quarter net income, despite higher weather, fire and personal auto loss costs. Investment income and lower net realized capital losses helped shape the better ...
Insurance Startup Root Hires Ex-State Auto Exec Powell as Its CFO
Insurance startup Root is tapping a former State Auto executive Cindy Powell as its chief financial officer. Powell had been at State Auto Insurance Companies for 26 years, and served as its first ...
Avoiding Lawsuit, United Settles With Flier Dragged From Plane
United Airlines avoided a lawsuit by settling out of court with a passenger whose forcible removal from a plane was captured on video and circulated online by fellow travelers, sparking widespread ...
Senate Bill Would Extend Flood Insurance Program for a Decade, With Changes
U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set ...
InsurTech Developer OmniEarth Acquired by EagleView
OmniEarth, a developer of learning technologies and decision-making tools for insurance and other industries, has been acquired. The buyer: EagleView, a provider of aerial imagery and data analytics ...