U.S.
VW Faces April 21 U.S. Deadline for Diesel Cheat Fix
Volkswagen AG hasn't finished a plan for getting 600,000 diesel vehicles off U.S. roads as it faces hundreds of lawsuits for rigging pollution control systems to cheat emissions tests. U.S. District ...
Whistleblower Sues Abbott for $1 Billion in Trial Over Stent Marketing
Abbott Laboratories is accused in a trial that started Tuesday of marketing unapproved stents for unsuspecting patients and cheating Medicare, as a whistleblower seeks more than $1 billion, a risk ...
Plunging Oil Prices Proportionate to Higher Commercial Losses: Marsh
Plunging crude oil prices in recent months may be great news for consumers, but the trend could lead to increased losses for commercial insurers as their clients scramble to cut costs, Marsh asserted ...
Executives On The Move at QBE, CNA, Chubb and Talbot Underwriting
Both QBE North America and CNA snagged ex-Chubb executives for key roles. Meanwhile, Chubb beefed up its transactional risk leadership team to help facilitate more M&A deals. Talbot Underwriting ...
Uber’s Anti-Cyber Crime Strategy: Pay Hackers to Find System Flaws
Uber, the high-flying transportation firm, is releasing a technical map of its computer and communications systems and inviting hackers to find weaknesses in exchange for cash bounties. While ...
VW Hit by Yet Another Diesel Emissions Cheating Lawsuit
Kentucky sued Volkswagen AG and its luxury units on Tuesday claiming the German automaker's diesel emissions cheating scheme violated the state's Consumer Protection Act. "Volkswagen must be held ...
2015 a Quiet Year for Catastrophe Losses: Guy Carpenter
Despite a record-setting tropical season in the Pacific, 2015 was a quiet year in terms of global insured losses, according to a new report by risk and reinsurance specialist Guy Carpenter & Co., ...
AIG Will Slash 242 Jobs in NYC
American International Group Inc., the insurer that's been under pressure from activist investors, said it plans to cut 242 jobs at five locations in New York City. The reductions will take place ...