Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence May 22, 2018 By Don Jergler Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for...
BP Fears Climate Change Lawsuits in U.S. May 22, 2018 By Kelly Gilblom After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the...
Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors May 21, 2018 By Jef Feeley Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family...
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions May 21, 2018 By Greg Stohr A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to...
XL Catlin’s Benjamin to Head Zurich North America’s Management Solutions Group May 21, 2018 Brian Benjamin, a longtime insurance executive with experience in professional liability lines, has joined Zurich North America as head of...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best May 21, 2018 The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over...
Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan May 21, 2018 By Andrew G. Simpson The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders...
Lemonade Proposes Open Source Insurance Policy for All to Change, Adopt May 21, 2018 By Andrew G. Simpson Technology-focused homeowners and renters insurer Lemonade Inc. has proposed an open source renters insurance policy that anyone can contribute to...
Big Batteries Could Pose Big Fire Risk for Cities May 21, 2018 By Mark Chediak The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S....
Gun Lobby Seeks Lending Curbs on ‘Gun-Hating’ Banks May 21, 2018 By Katanga Johnson The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc. and Bank of America said they would...