U.S.
Wells Fargo Account Scandal Draws Calif. Criminal Probe
The California Attorney General's Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a ...
Travelers Profit Drops by 23 Percent; Auto Injury, Weather-Related Losses to Blame
Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. ...
Workers Comp Rates Priciest in Calif. and N.J., Lowest in N.D.
California and New Jersey had the nation's most expensive workers compensation rates, while North Dakota had the lowest rates in the nation, a new report shows. A report released this week by the ...
RLI Q3 Net Income Dips, CEO Remains Bullish Over Long-Term Trends
Specialty insurer RLI Corp. saw its 2016 third quarter net earnings drop versus a year ago due to higher loss expenses, though its combined ratio remains at a respectable level. Net earnings for RLI ...
Munich Re Gets A.M. Best Ratings Affirmation for Resilience in Tough Market
As the global reinsurance market trudges on with heavy competition, consolidation pressures and low interest rates, Munich Re has held its own. For that reason, A.M. Best affirmed its financial ...
Floods, Phones Hurt Assurant Profit; Stock Price Plunges
Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped ...
U.S. Regulators Urge Banks to Boost Cyber Security Standards
U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation's leading financial firms. Leading banks ...
More Board Members Want Director Replacements; Sources Limited: PwC Survey
Dissatisfied directors are increasingly speaking up about fellow board members they feel are falling short and should be replaced. And the search for new blood is turning too some unconventional ...