Two self-driving prototype cars, one operated by Google Inc. and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters on Thursday. It was believed to be …
Sacha Simmons used to dread taking a taxi to her high school or someplace else to hang out with her teenage friends when her parents weren’t around to give her a ride. Sometimes, the cab drivers wouldn’t show up or, …
Delaware’s governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company’s legal costs, disappointing business groups. The U.S. Chamber of Commerce had embraced the use …
First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry …
Maurice “Hank” Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.’s bailout isn’t enough, and that he’s seeking financial damages to hold the government accountable. “Our Constitution is a sacred document,” the former chief …
The European Union’s plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers’ are hoping for, a top British regulator said on Thursday. Martin Wheatley, chief executive …
The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies. “For …
TRANSACTION MARKS INSURANCE M&A ADVISORY FIRM’S 13th TRANSACTION OF 2015 New York, NY, June 26 2015–The Hilb Group, LLC has announced that leading private equity firm ABRY Partners, headquartered in Boston, Mass., has completed a significant investment in the insurance …
DUAL, the underwriting arm of the Hyperion Insurance Group*, has announced the continued expansion of its global marine and energy practice following the launch of a marine offering at DUAL Australia Pty Ltd. DUAL Australia will now offer a suite …
Bermuda-based specialist insurer Hiscox announced it has reached an agreement with Willis to acquire its specialist UK classic car business, RH Specialist Insurance. This acquisition complements Hiscox’s existing expertise in the motor market, having offered specialist and classic car insurance …
