Two influential U.S. lawmakers on Thursday criticized the financial industry for saying in public that a new rule on retirement advice could have “dire consequences,” but then speaking optimistically about it with shareholders. The proposed rule would create a “fiduciary …
Zenefits has been under investigation by the California Department of Insurance since last year, the state agency disclosed, saying the resignation of co-founder and Chief Executive Officer Parker Conrad earlier this week doesn’t resolve compliance issues at the human-resources software …
American International Group Inc. reported an operating loss of $1.3 billion for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion in the prior-year quarter. Disappointing underwriting and investment returns resulted in American International Group Inc. …
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie – Continental Europe. An industry veteran …
John Paulson and Carl Icahn, who became billionaires by identifying mispriced securities and pushing for corporate shakeups, face a new challenge after winning seats on the board of American International Group Inc., the insurer that’s been too big to manage …
Sompo Canopius AG has entered into a license agreement with SSBN, which will provide it with flood models and hazard maps for the United States. SSBN works within the insurance sector, providing global flood risk analytics, which are based on …
The Norwegian Hull Club, one of the world’s largest pure marine insurers, is planning to “plug into London” with the opening of its first office outside Norway. The club’s board confirmed this week that it intends to open a branch …
Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients mitigate the risk of non-payment due to …
Alphabet Inc.’s Google unit told U.S. auto safety regulators that the government’s interpretation of motor vehicle safety rules is “extremely important” to its further development of fully self-driving cars. In a Nov. 12 letter to the U.S. National Highway Traffic …
Citizens Property Insurance Corp. has launched a multi-faceted education campaign in an attempt to improve customer claims handling while taking steps to combat what it has called a disturbing increase of fraud and abuse that threatens to drive up premiums …
