October 7, 2020
Progressive Corp. could soon expand its horizons into life insurance. “We actually are considering that,” Chief Executive Officer Tricia Griffith said when asked about a possible move. “We have a life-insurance company filed in Ohio. More to come on that.” …
June 5, 2020
Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the coronavirus pandemic. But this past weekend delivered a …
November 20, 2018
PG&E Corp.’s $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the deadliest blaze in California history. But the company wasn’t necessarily skimping on coverage. That level of coverage is a “regular amount” …
October 5, 2018
Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance …
September 2, 2016
Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast to hit northwest Florida, a region of the …
June 20, 2016
The U.S. properly labeled MetLife Inc. as “too big to fail,” the government said, arguing to overturn a ruling that dealt a major blow to efforts to rein in risk in the financial system. A federal judge “was profoundly mistaken” …
September 4, 2015
A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and Canada and is the biggest threat to their economies, Lloyd’s of London said. The losses, which represent about 2 percent …