State Farm Agrees to Pay $250 Million, Avoids Racketeering Trial September 4, 2018 By Jef Feeley, Margaret Cronin Fisk and Tim Bross State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried...
Prudential Joins Direct-to-Consumer Movement September 4, 2018 By Suzanne Barlyn Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history,...
Enstar to Acquire Maiden Reinsurance North America September 4, 2018 An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net...
Judge Tosses Uber Investors’ Class Action Bid Over Stock Losses September 4, 2018 By Joel Rosenblat Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business...
AIR Worldwide and Capsicum Re Collaborate to Enhance Silent Cyber Models September 4, 2018 Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s...
CNA Names Accenture’s Costonis as Chief Operations Officer September 4, 2018 Commercial lines insurer CNA announced the appointment of Michael Costonis as chief operations officer. Costonis will lead all information technology,...
Accident Report Confirms Apple Still in Autonomous Car Race September 4, 2018 By Stephen Nellis and Laharee Chatterjee An Apple Inc. self-driving car was rear-ended while merging onto an expressway near the company’s Silicon Valley headquarters this month,...
Max Services, Wetzel Associates Offer ‘Conversational’ Commerce Suite September 4, 2018 Max Services Inc. and Thomas H. Wetzel & Associates have partnered with LivePerson, a provider of conversational commerce products, to...
New York Approves AXA Acquisition of XL Group September 3, 2018 France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators...
6 Small Businesses Share Disaster Recovery Stories August 31, 2018 By Joyce M. Rosenberg As small business owners in Hawaii and California clean up following Hurricane Lane and wildfires, they’ll find there’s no one...