Wells Fargo Account Scandal Included Small Businesses, Says Senator October 5, 2016 By Suzanne Barlyn The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a...
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’ October 5, 2016 By Andrew MacAskill Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that...
Japan’s SOMPO to Acquire Endurance for $6.3 Billion October 5, 2016 Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd....
U.S. Sees Automakers Complying with Voluntary Guidelines for Autonomous Vehicles October 5, 2016 By David Shepardson U.S. Transportation Secretary Anthony Foxx told Reuters he expects automakers and tech companies will comply with voluntary guidelines his department...
How Uber Plans to Transform the Long-Haul Trucking Business October 5, 2016 By Julia Love and Heather Somerville With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking...
Prospect General Launches Real Estate Investor Insurance Program October 5, 2016 By Amy O'Connor Prospect General, a program administrator based in La Jolla, Calif., has launch a real estate investor insurance program. The coverage...
Marsh & McLennan Acquires Florida-Based Vero Insurance October 5, 2016 Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero...
Aon Launches Enterprise-Wide Cyber Coverage Targeting All Industries October 5, 2016 Aon Risk Solutions, the global risk management business of Aon plc, has introduced Aon Cyber Enterprise Solution, a property/casualty and...
Cunningham to Lead Florida-Based SLB Insurance’s New Environmental Division October 5, 2016 SLB Insurance Group of Fort Lauderdale, Fla., has hired Jeffrey Cunningham to lead its new Environmental Insurance division. Cunningham started...
RIC in California Taps Clansen and Kaneko for Senior Vice President Roles October 4, 2016 Santa Rosa, Calif.-based RIC Insurance General Agency has named Tom Clansen senior vice president the firm’s commercial lines brokerage and...