Space Insurance Premiums Could Double After European Vega Rocket Crash July 31, 2019 By Carolyn Cohn, Tom Sims and Noor Zainab Hussain Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which...
Allstate Says Q2 Results Reflect Strategy Momentum July 31, 2019 The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey July 31, 2019 Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO July 31, 2019 By Sumeet Chatterjee Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its...
Swiss Re H1 Profit Hit by Ethiopian Airlines Crash, Grounding of Boeing 737 MAX July 31, 2019 Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of...
University Lawsuit Accuses Big Retailers of Infringing ‘Reinvented’ Light Bulb Patent July 31, 2019 By Jonathan Stempel Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what...
The Hilb Group Acquires Rhode Island’s Damiano Agency July 31, 2019 The Hilb Group LLC (THG) has acquired Rhode Island-based Damiano Agency (DA). The transaction became effective July 1, 2019. For...
Capital One Investors Wary of Reputational Impact of Data Breach July 31, 2019 By David Henry Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed...
Congress Looks to Jump Start Stalled Driverless Vehicle Bill July 31, 2019 By David Shepardson Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed...
Vermont Water System Operators Told to Test for PFAS Contamination July 31, 2019 The Vermont Agency of Natural Resources says it has notified public drinking water system operators to start testing for a...