Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite February 12, 2018 By Amanda Albright Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with...
Takata U.S. Deal With Drivers, Creditors Clears Way to Sell Operations February 12, 2018 By Tom Hals Takata Corp.’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and...
Uber Agrees to Give Stock to Waymo to Settle Trade Secret Theft Dispute February 9, 2018 By Joel Rosenblat Uber Technologies Inc. agreed to give about $245 million in stock to settle the high-stakes trade-secret theft lawsuit brought by...
AIG’s Doubling of Q4 Loss Pinned on Wildfires, Tax Act February 9, 2018 American International Group reported a net loss of $6.7 billion for the fourth quarter of 2017, compared to a net...
U.S. Judge Rules ‘Gig Economy’ Driver Is Independent Contractor February 9, 2018 By Daniel Wiessner A U.S. judge in San Francisco on Thursday said a former Grubhub Inc. delivery driver was an independent contractor and...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik February 9, 2018 Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics February 9, 2018 By Suzanne Barlyn, Carolyn Cohn and Noor Zainab Hussain If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success....
Climate Change and the ‘Fire Insurance Predicament’ February 8, 2018 By Don Jergler A Washington-based conservative group is suing for information on the U.S. government’s “backstage work” on the Paris agreement it says...
Validus Specialty Launches Standalone Cyber Insurance Product February 8, 2018 The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber...
U.S. Weather Service Test Became False Tsunami Warning on East Coast February 8, 2018 By Todd Shields A tsunami warning was erroneously sent Tuesday to some mobile phones along the East Coast and other coastal locations, less...