Wells Fargo Nears $142 Million Consumer Settlement Over Fake Accounts July 11, 2017 A California judge has granted a preliminary approval for Wells Fargo & Co.’s agreement to pay $142 million, and perhaps...
Banks Blast Rule Exposing Them to Consumer Class Actions July 11, 2017 By Lisa Lambert U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a...
More Senior Citizens Working Past Retirement Age July 11, 2017 By Ben Steverman More and more Americans are spending their golden years on the job. Almost 19 percent of people 65 or older...
Insurity Names Giglio CEO to Succeed Founder Glazer, Who Becomes Chairman July 10, 2017 Hartford-based Insurity Inc., which sells core processing software and data integration products for insurance carriers, has appointed Jeffrey Glazer as...
June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon July 10, 2017 Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in...
Deluges Follow Droughts as ‘Hydrological Extremes’ Become ‘New Normal’ July 10, 2017 By Brian K. Sullivan Texas struggled through its driest year in history in 2011. Four years later was its wettest ever. The Mississippi River...
Returning from Recess, Senate Republicans Worried Obamacare Repeal Will Fail July 9, 2017 By Yasmeen Abutaleb Republicans expressed increasing pessimism on Sunday about the prospects for the healthcare bill in the U.S. Senate aimed at rolling...
Burand’s State of P/C Insurance Industry Part 2: How to Pick Winners as More Carriers Consolidate or Waste Away July 9, 2017 By Chris Burand Editor’s Note: This is the second of two articles by Burand based on his most recent 50-page whitepaper, State of...
AmTrust Signs $400M Reinsurance Agreement with Premia July 7, 2017 Hoping to reassure stakeholders that the company is “well insulated from any potential reserve volatility in the future,” specialty insurer...
Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...