Chances that a fix to a major microchip security flaw may slow down or crash some computer systems are leading some businesses to hold off installing software patches, fearing the cure may be worse than the original problem. Researchers this …
Starbucks Corp. has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs. U.S. District Judge Yvonne Gonzalez Rogers on Friday found a lack of evidence that …
MS Amlin, the London-based specialist re/insurer, announced that a Bermuda-domiciled special purpose reinsurer, Viribus Re Ltd., has been created to provide collateralized capacity support for MS Amlin Syndicate 2001’s global reinsurance portfolio in 2018. Viribus Re Ltd has entered into …
The Supreme Judicial Court of Massachusetts (SJC) has ruled that two former board members and investors in a limited liability company are not liable for failing to pay the LLC’s former president, in a case that the SJC called “quite …
Pioneer Underwriters has launched a Latin American business with the opening of a regional hub and the appointment of four senior vice presidents. Pioneer said the move to open a regional hub is consistent with group strategy to access local …
Insurance may lack the buzz and cachet enjoyed by tech companies, yet the stock of one Chinese company in the industry has kept pace handsomely with some of the highest-flying champions of the digital revolution. Ping An Insurance (Group) Co.’s …
Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China’s east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the body of one of …
Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry from negative to stable for 2018. The uptick is …
The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay in 2018. Expanding on its first private reinsurance placement last …
Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest auto recall in history, called back 3.3 million airbags as part of a U.S. order that scheduled repairs of the potentially deadly devices over several years. The …
