Federal Reserve Again Warns About Increase in High-Risk Company Debt May 7, 2019 By Jesse Hamilton and Craig Torres The Federal Reserve escalated its warnings about the perils ofleveraged loan Monday, saying firms with the worst credit profiles are...
WTW Taps Lockton’s Keville as Relationship Mgr in FINEX Financial Institutions Practice May 7, 2019 Willis Towers Watson has appointed Henry Keville as lead relationship manager for Asset Management in the company’s FINEX Financial Institutions...
Update: Generali Eyes Acquisitions of Small and Medium-Sized European Insurers May 7, 2019 Italy’s biggest insurer Generali is looking at small and medium-sized insurance companies in Europe to strengthen its presence in the...
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance May 7, 2019 By Susanne Sclafane Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the...
Indian State Seeks $14 Billion to Rebuild Homes, Infrastructure After Cyclone Fani May 7, 2019 By Pratik Parija The eastern Indian state of Odisha, battered by one of the strongest cyclones in two decades, needs at least one...
Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re May 7, 2019 Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered...
Tennessee Passes Bill Allowing Drivers with Unpaid Court Debt to Keep Licenses May 7, 2019 Tennessee lawmakers have signed off on legislation that would prevent the state from revoking or suspending driver’s licenses over unpaid...
Jimcor Agency Hires Chase as Underwriter in Southeast Region May 7, 2019 Jimcor Agency Inc., a Montvale, N.J.-based independent managing general agent and insurance wholesaler, has hired Joe Chase to serve as...
Florida Approves Allowing Rideshare Firms to Deploy Autonomous Vehicles May 7, 2019 Self-driving vehicles could be operated in Florida without a human on board under a bill going to Republican Gov. Ron...
NHC: Hurricane Florence 9th Most Destructive Storm, Caused $24B in Damage May 7, 2019 Hurricane Florence killed 22 people across three Southeastern states, was the ninth most destructive storm in terms of property damage...