Alliant Employee Benefits has hired Pittsburgh, Penn.-based benefits consultant Mark Weber as vice president. In this role, Weber will bring his quantitative analysis and strategic problem solving skills to Alliant’s service platform, working to deliver strategies that optimize performance and …
Makers and distributors of the prescription opioids that triggered a U.S. public health crisis are responsible for a rise in health insurance premiums, according to first-of-their-kind lawsuits filed in five states. The suits open another front in the burgeoning litigation …
The European Central Bank has designed a new test simulating cyber attacks on banks, stock exchanges and other firms that are critical for the functioning of the financial system, it said on Wednesday. The move follows a string of heists …
A former marketing director at Banque AIG told a London court that he was repeatedly assured he’d receive his bonuses, even as he helped clean up a company crumbling from its role in the global financial crisis. “I asked and …
QBE Insurance Group Limited (QBE) through its QBE Ventures, has closed an investment into HyperScience, a machine learning company focused on building artificial intelligence products for automating office work. In addition to its investment, QBE has entered into a multi-year …
Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier’s reinsurance arm. The downbeat result may be its final …
JLT Specialty USA has named Vipul Kumar vice president of its transaction advisory practice. Kumar will be based in San Francisco, Calif. and work with clients to understand merger and acquisition risks. Kumar joins JLT from Davis Wright Tremaine LLP, …
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the first in what is a broader …
A U.S. traffic safety regulator on Wednesday contradicted Tesla Inc.’s claim that the agency had found that its Autopilot technology significantly reduced crashes, saying that regulators “did not assess” the system’s effectiveness in a 2017 report. Autopilot, a form of …
A suspended North Carolina volunteer fire chief has been arrested on felony insurance fraud and embezzlement charges, according to a statement from the North Carolina Department of Insurance. Kenan Wayne Kearney, 44, of Four Oaks in Johnston County was arrested …
