Takata’s $1 Billion Guilty Plea, Settlement with U.S. Includes Victims’ Fund February 28, 2017 Japan’s Takata Corp. removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S....
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan February 28, 2017 By Sonali Basak, Romy Varghese and Lisa Du The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance...
Glazer Joins AIG as Deputy Counsel, Corporate Secretary February 28, 2017 American International Group Inc. has named Rose Marie Glazer as vice president, deputy general counsel and corporate secretary. Glazer will...
Businesses Appeal U.S. Judge’s Ruling Upholding Broker Fiduciary Rule February 28, 2017 The U.S. Chamber of Commerce appealed a Texas federal judge’s ruling upholding a Labor Department’s regulation aimed at putting retirement...
Trump Seeks Help from Insurers, Governors in Overhauling Health Insurance February 28, 2017 By Caroline Humer and Yasmeen Abutaleb President Donald Trump sought on Monday to bring the nation’s largest insurance companies on board with his plans to overhaul...
AIG Directors Mull CEO Hancock’s Fate After Disappointing Results February 27, 2017 American International Group Inc.’s directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback...
Marsh Launches New Excess Medical Professional Liability Policy Form February 27, 2017 Marsh has unveiled a new excess medical professional liability (MPL) policy form that combines industry favorable MPL terms and conditions...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips February 27, 2017 By Susanne Sclafane Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically...
Republicans’ Replacement for Obamacare Taking Shape February 27, 2017 By Anna Edney, Billy House and Zachary Tracer Republican lawmakers expect that their Obamacare replacement will result in fewer Americans covered by health insurance, a fact that’s likely...
Trump Administration Reviewing Obama’s Autonomous Vehicle Guidance February 27, 2017 By David Shepardson U.S. Transportation Secretary Elaine Chao said on Sunday she is reviewing self-driving vehicle guidance issued by the Obama administration and...