The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank’s issues with unauthorized accounts. In a Sept. 29 letter viewed by …
Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single market, according to a report commissioned by an industry …
Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd. for $93 per share in cash. The aggregate consideration is approximately $6.3 billion, which represents approximately a 40.3 percent premium …
U.S. Transportation Secretary Anthony Foxx told Reuters he expects automakers and tech companies will comply with voluntary guidelines his department issued last month for autonomous vehicles. The National Highway Traffic Safety Administration (NHTSA), an agency of Foxx’s department, has called …
With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand …
Prospect General, a program administrator based in La Jolla, Calif., has launch a real estate investor insurance program. The coverage will focus on investors who own primarily one to four unit residential dwellings but it will allow small habitational and …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services. Terms of the transaction were not disclosed. Founded in 1960, …
Aon Risk Solutions, the global risk management business of Aon plc, has introduced Aon Cyber Enterprise Solution, a property/casualty and Internet of Things insurance policy that offers comprehensive and integrated enterprise-wide coverage against cyber risk. The new product offers cyber …
SLB Insurance Group of Fort Lauderdale, Fla., has hired Jeffrey Cunningham to lead its new Environmental Insurance division. Cunningham started the new Environmental division for SLB’s Wholesale Insurance Brokerage in South Florida. He handles marketing and environmental insurance placements nationally. …
Santa Rosa, Calif.-based RIC Insurance General Agency has named Tom Clansen senior vice president the firm’s commercial lines brokerage and underwriting division, and Garett Kaneko senior vice president of the sales distribution and marketing divisions. Clansen spent the last 14 …
