The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …
The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account. Phillip Capital Inc. …
An insurance unit of Starr International Company Inc. on Friday sued Michael Avenatti, the combative lawyer known for his battles with U.S. President Donald Trump, to rescind coverage of an airplane that Avenatti used, according to a court document. Starr …
Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that …
Tesla Inc. said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles. Chief Executive Elon Musk has been one of the strongest …
Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums for marine insurance, which until 2018 had fallen …
Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent modernization effort in May, …
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving initial …
American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent …
American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A non-binding resolution to endorse the firm’s executive compensation received …
