U.S.
New York, San Fran Legal Fights Test Airbnb Business Model
Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. In eight years of torrid growth, the company has often clashed with local public officials ...
Florida Hurricane Fund Still in Good Shape
Florida's streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating ...
Online Sites From N.Y. to L.A. Crashed Friday in Hacker Web-Host Siege
Millions of internet users temporarily lost access to some of the world's most popular websites Friday, as hackers hammered servers along the U.S. East Coast with phony traffic until they crashed, ...
Executives On The Move at Erie Insurance, CNA and Everest Re
Both CNA and Erie Insurance made a number of new executive appointments. Everest Re hired a former QBE executive as head of Professional Liability. *** Erie Insurance made a number of new executive ...
RMS Hurricane Matthew Insured Loss Estimate: $5B in U.S., $3B for Caribbean
Hurricane Matthew-related insured losses are still being tallied, but RMS said that the number will reach as high as $5 billion in the U.S. and $3 billon in the Caribbean. The catastrophe modeling ...
Ex-AIG CFO Herzog Named to MetLife Board
MetLife Inc., the largest U.S. life insurer, elected David Herzog, the former chief financial officer of American International Group Inc., to its board of directors. The addition brings the total ...
PartnerRe Pays $284M to Acquire Aurigen Capital, Expand Life Policy Reinsurance Reach
PartnerRe Ltd., the reinsurer owned by John Elkann's Exor SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 ...
EverQuote, a Rising Insurance Matchmaker, Raises $23M Series B
Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic ...