Learning from Equifax Breach Where Growth Outpaced Security December 11, 2018 By Alyza Sebenius and Jenny Surane Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming...
Olympus to Pay $85 Million for Failing to Report Medical Device Contamination Risks December 11, 2018 By Nate Raymond An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed...
Fed Chair Says Wells Fargo Must Address Risk Management Before Any Growth December 11, 2018 By Patrick Rucker and Imani Moise Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017 December 10, 2018 Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to...
A.M. Best Sees Private Passenger Auto Turnaround, Stable Outlook for 2019 December 10, 2018 Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated—...
How to Deliver Restaurants from Risks of Take-Out Boom December 10, 2018 By Andrea Wells With a growing number of apps and on-demand services, millennials in particular are increasingly ordering take-out food from their favorite...
The Bad News About High Auto Insurance Customer Satisfaction December 10, 2018 By Robert M. Lajdziak Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their...
AIG Expands Coverage as Whisky Collecting Gains Among Wealthy December 10, 2018 By Colin Bertram With prices of rare whisky soaring into the six and seven digits, ensuring that precious spirit is protected is not...
Markel CATCo Reports U.S., Bermuda Inquiries into Reserves December 9, 2018 On Friday Dec .7, Markel Corp. said it was fully cooperating with inquiries by U.S. and Bermuda authorities into loss...
Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year December 7, 2018 Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected...