U.S.
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Travelers CEO Fishman Briefly Had His Eyes on Chubb
Travelers Chairman and CEO Jay Fishman disclosed that the property/casualty insurance giant briefly considered a possible merger deal with Chubb. The idea was discarded, he said, after the ...
Wells Fargo Wins Predatory Lending Lawsuit Dismissal in L.A.
Wells Fargo & Co on Friday won the dismissal of a lawsuit by Los Angeles that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending ...
Uber Loses Bid To Toss Lawsuit Challenging Its Safety Claims
Uber Technologies Inc. lost a bid to dismiss a lawsuit over its claims to being safer than taxis. U.S. District Judge Jon Tigar in San Francisco on Friday allowed the case to proceed, finding that ...
New Madrid Earthquake Sequence Could Cost Insurers $150B: Swiss Re
A series of earthquakes similar to the New Madrid quakes of 1811/1812 could cost the insurance industry more than $150 billion, making it the costliest natural disaster to date, according to a new ...
Google Driverless Car Hit from Behind, Again
A Google driverless car was involved in the fleet's first collision to result in injury. One of Google's vehicles braked during a green light because of congestion, and the car behind hit it at 17 ...
Padgett Plaintiffs Ask Florida Supreme Court to Decide Workers Comp Constitutionality
A legal challenge to the constitutionality of Florida workers compensation system that was thrown out by a state appeals court may be headed to the Florida Supreme Court. The plaintiffs in the case ...
The Top P/C M&A Deals in 2015 (So Far)
ACE Ltd. shocked the industry with news earlier in July that it would pay $28 billion in cash and stock for Chubb Corp., an industry rival. But it's only the latest in a series of M&A moves in ...