Specialty insurer Markel Corp. announced that Alan I. Kirshner, the company’s executive chairman and chairman of the board, will retire as a director and officer of the company in May, 2020. Kirshner has been with Markel for 60 years, serving …
Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee. The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that passed the House earlier this week by …
Four consumer and safety organizations—AAA, Consumer Reports, J.D. Power and the National Safety Council—are urging all organizations, automakers and the media to adopt standardized naming for advanced driver assistance technology in an effort to reduce confusion. They say the use …
Global insurance broker Aon has agreed to acquire CoverWallet, a leading digital insurance platform for small and medium-sized businesses. The acquisition provides Aon with additional access to what it sees as a fast-growing, $200+ billion premium global digital insurance market …
Business software provider Salesforce.com Inc. said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc.’s cloud computing unit to improve customer service apps. Salesforce makes software systems that businesses use to house customer information, like which products …
A U.S. safety agency on Tuesday faulted Uber for inadequate attention to safety and decisions in the company’s autonomous vehicle development in an investigation into the first-ever death involving a self-driving vehicle, which also cited the vehicle’s distracted back-up driver. …
The Federal Reserve Board on Tuesday approved the application by BB&T Corp. of Winston-Salem, North Carolina, to merge with SunTrust Banks, Inc. of Atlanta, Georgia. The merged entity will be called Truist Financial Corp. Upon completion of the merger, Truist …
The 2019 Ferrari 812 Superfast is a beast by any measure. With 789 horsepower and a top speed of 211 miles per hour, it retails new for about $363,000. It could be yours for a fraction of the price, if …
The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22. The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill introduced by Rep. …
CNA Financial Corp. has achieved an “A+” financial strength rating from Standard & Poor’s, an upgrade made in recognition of the Chicago-based insurer’s efforts to improve its operations and culture. S&P Global Ratings made the upgrade from an initial “A” …
