Third quarter profit more than doubled at Travelers Corp. due to higher premiums and investment income and lower catastrophe losses, the insurer reported. Net income came in at $709 million, up from $293 million for the third quarter last year. …
The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that placed the financial services giant under extra regulatory scrutiny. The designation of Prudential as a systemically important financial institution (SIFI) …
U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for state and federal regulators to do more to tackle the growing problem as states grapple with prescription drug abuse and adopt a more permissive stance on marijuana. …
As the National Highway Traffic Safety Administration and Congress press for removing safety regulations in order to fast-track the introduction of highly automated vehicles, human factors/ergonomics experts are recommending requiring important testing and driver support. The Human Factors and Ergonomics …
The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400 million for lead-paint remediation in California. The rebuff, issued without comment Monday, is a blow …
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess …
Hurricane Michael’s devastation could spur policymakers to better prepare vulnerable communities for the effects of climate change. The images of entire towns in Florida’s panhandle all but erased by storm surges, as well as accounts of bodies pulled from shattered …
Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity investment fund of Google’s …
Facebook Inc. knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in …
AXA XL’s North America marine insurance business has expanded its coverage options for the marine insurance market with a new policy specifically designed and delivered to address workboat risks. AXA XL’s Workboat policy offers owners workboats standalone hull and liability …
