Increase in P/C Insurers’ Losses in 2017 Will Again Be Driven by Auto: S&P June 29, 2017 Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154...
Global Cyber Attack Affects Shipping, FedEx, Emails and More June 29, 2017 By Jordan Robertson, Nico Grant and Molly Schuetz The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses...
AIG Shareholders Approve $9.6 Million for Former CEO Hancock June 29, 2017 American International Group Inc. shareholders on Wednesday approved the company’s 2016 compensation for executives, including the insurance giant’s former chief...
Uber App Users Can Now Schedule Rides for Others June 29, 2017 Uber’s ride-hailing app is making it easier for its users to set up trips for seniors and others who may...
Auto Insurance Market to Shrink by 70% by 2050: KPMG June 29, 2017 Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance...
Opioids, Distracted Driving Cited in Rise of Preventable Accidents June 29, 2017 By Natasha Rausch More than 130,000 Americans are killed annually by preventable causes, and the number has been climbing at a faster rate...
Starr Promotes Bessinger to Chief Underwriting Officer for Domestic Companies June 28, 2017 Starr Companies has promoted Richard Bessinger to chief underwriting officer of Starr Indemnity & Liability Co., Starr Specialty Insurance Co....
Beef Products Firm and ABC Agree to Settle ‘Pink Slime’ Case June 28, 2017 By Timothy Mclaughlin Beef Products Inc. has settled its defamation and libel lawsuit against American Broadcasting Co. and its reporter Jim Avila, the...
Arch Expands Travel Insurance Sales Team with 3 from Travelex June 28, 2017 Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as...
House Panel Eyes Removing States’ Bumps in Road for Driverless Vehicles June 28, 2017 By David Shepardson Republicans and Democrats in Congress sparred on Tuesday over U.S. states setting rules for testing and deployment of self-driving cars...