Going to Court Over Losses When Robot Is to Blame May 7, 2019 By Thomas Beardsworth and Nishant Kumar Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing...
AIG Scores P/C Insurance Profit in Q1 May 7, 2019 By Katherine Chiglinsky Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business...
Federal Reserve Again Warns About Increase in High-Risk Company Debt May 7, 2019 By Jesse Hamilton and Craig Torres The Federal Reserve escalated its warnings about the perils ofleveraged loan Monday, saying firms with the worst credit profiles are...
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance May 7, 2019 By Susanne Sclafane Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the...
AmWINS, The Flood Insurance Agency Launch Commercial Property Flood Product May 6, 2019 AmWINS Group, Inc., in conjunction with its recent acquisition of The Flood Insurance Agency (TFIA), has launched FloodFLEX, a new...
Boeing Says 737s’ Optional Data Display Alert Was Not Safety Risk May 6, 2019 By Tracy Rucinski and David Shepardson Boeing Co. did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots...
U.S. P/C Commercial Lines Market ‘Best in Years,’ Says Chubb CEO Greenberg May 6, 2019 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a “rational market” and...
More States Could Settle Opioid Suits in Wake of West Virginia’s McKesson Deal May 6, 2019 By Jef Feeley McKesson Corp.’s settlement of an opioid lawsuit with West Virginia — the state with the highest U.S. rate of drug-overdose...
Insurance Agency Management System Tech Firm Veruna Raises $6 Million May 6, 2019 Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a...
FDA Says Risks Do Not Warrant Ban on Breast Implants at This Time May 6, 2019 By Matthew Perrone U.S. health authorities will allow a type of breast implant linked to a rare form of cancer to stay on...