MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation July 29, 2015 By Andrew G. Simpson Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC)...
Regulators Want More Details on Insurers’ Living Wills for Bankruptcy July 29, 2015 By Ian Katz and Jesse Hamilton Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a...
Court Upholds Dismissal of Apartheid Claims Against Ford, IBM July 29, 2015 By Jonathan Stempel Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for...
How Old Is Average Vehicle on U.S. Roads? July 29, 2015 By Patrick Ralph The average age of cars and light trucks on U.S. roads rose slightly to 11.5 years at the start of...
Senate Republicans Plan Another Vote to Repeal Obamacare July 29, 2015 By Sahil Kapur Senate Majority Leader Mitch McConnell championed a renewed push to bypass a filibuster and repeal Obamacare with 51 votes on...
AIG Hires Dachille as Investment Officer; Buys His Firm July 28, 2015 American International Group (AIG) has named a new investment officer and is buying the new executive’s firm. Douglas A. Dachille,...
The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook July 28, 2015 By Andrew G. Simpson The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144...
ACE Names North America Management Team for New Chubb July 28, 2015 ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team...
McClelland of Majority Leader’s Staff Joins AIA As VP for Federal Affairs July 28, 2015 The American Insurance Association (AIA) announced that Wesley R. McClelland will assume the position of vice president for federal affairs...
Tech Firms Collaborating to Make Drone Air Traffic Safe July 28, 2015 By Alan Levin Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the...