July 27, 2018
The Hartford reported improved results for the second quarter compared to the same quarter last year, particularly in its commercial lines and group benefits businesses. Overall net income was $582 million in second quarter 2018 compared with a net loss …
July 27, 2018
A Texas nonprofit firm’s plan to publish technical designs for firearms online so anyone with a 3-D printer can use them to manufacture fully operational “downloadable” guns is drawing fire from New Jersey and national gun-control groups. Defense Distributed would …
July 27, 2018
Flaws in jet engine fan blades like one that cracked and broke loose in April, killing a Southwest Airlines Co. passenger, have been discovered on planes operated by several carriers, and the manufacturer is moving to further tighten inspections. General …
July 27, 2018
The next confrontation between government regulators and a blockchain startup appears set to ensnare a prediction market platform that goes by the name Augur. After going live on July 10, Augur allows anyone to create contracts to predict future events …
July 27, 2018
Tokio Marine HCC announced that Susan Rivera has been appointed its next chief executive officer effective Sept. 1, 2018, replacing Christopher J.B. Williams, the current CEO. Williams is taking on a new role as managing executive officer and co-head of …
July 26, 2018
Slice Labs Inc., a U.S. company offering cloud-based on-demand insurance, has partnered with XL Catlin to offer an on-demand cyber insurance product for U.S. small and medium-sized business (SMBs) built on the Slice Insurance Cloud Services (ICS) platform. The ICS …
July 26, 2018
Marsh & McLennan Companies reported consolidated revenue was $3.7 billion, an increase of 7 percent over the second quarter of 2017. Operating income was $691 million for the quarter. In the Risk & Insurance Services unit, revenue was $2.1 billion …
July 26, 2018
While Donald Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen. …
July 26, 2018
Risk management services company Riskonnect said it has agreed to acquire Marsh ClearSight, a risk, safety, and claims software and services and a business unit of insurance broker Marsh. Terms of the transaction, which is expected to close in the …
July 26, 2018
A federal jury will decide what really happened between a former junior finance professor and the tenured Columbia Business School staff member she said sexually harassed her — and whether the university did enough to protect her once she reported …