Capital One Will Pay $80 Million Fine for Data Breach During Cloud Transfer August 7, 2020 By Pete Schroeder Capital One Financial Corp will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a...
Boeing Facing $1.25M Fine by FAA for Undue Pressure on Safety Oversight Employees August 7, 2020 By David Shepardson and Eric M. Johnson The U.S. Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co. $1.25 million after the agency...
Americans Becoming More Leery of Autonomous Technologies August 7, 2020 By Tina Bellon Americans are becoming less comfortable with the idea of driverless transportation. A new report from an American Automobile Association (AAA)...
D.C. Judge Rules For Insurer, Dismisses Restaurants’ Business Interruption Claims August 7, 2020 By Andrew G. Simpson The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption...
Court Revives Johnson & Johnson’s Baby Powder Lawsuits August 7, 2020 By Jef Feeley A New Jersey appeals court’s decision to revive two lawsuits accusing Johnson & Johnson’s iconic Baby Powder of causing cancer...
Insurance Agents Think They Offer Value. But Some Customers Have a Different View. August 7, 2020 Business owners and consumers are rethinking their finances and insurance needs due to the current economic uncertainty. However, new research...
Morgan Stanley to Offer Coverage for High Net Worth Clients through Hub, Marsh, Willis August 6, 2020 Morgan Stanley has expanded its insurance offerings to include property & casualty insurance coverage for its high net worth clients...
CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses August 6, 2020 By Mark Hollmer CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due...
American Family Renames Ameriprise Insurance as Connect August 6, 2020 American Family Insurance has renamed the Ameriprise Auto & Home business that it paid almost $1 billion for in a...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint August 6, 2020 By Dan Epstein Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after...