Mercedes-Benz USA is under investigation by U.S. safety regulators who say the luxury-auto maker may be taking too long to send safety recall notices to car owners and inform the government. The National Highway Traffic Safety Administration told the unit …
Wells Fargo & Co. will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters. U.S. regulators slapped Wells Fargo …
The U.S. Supreme Court on Friday agreed to take up a dispute involving a small Alabama company that accused the U.S. Postal Service of infringing its patented mail processing system and improperly convincing a federal tribunal to cancel the patent. …
Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance intermediary Guy Carpenter & Co. says in its 2018 …
AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t …
As small business owners shop for 2019 health insurance, some will for the first time have the chance to join forces and buy cheaper insurance – depending on which state they’re in. New rules that began going into effect last …
MGM Resorts International wants to negotiate a possible settlement with the victims of the Oct. 1, 2017, shooting at the Harvest Festival in Las Vegas, in which 58 people were killed and hundreds were wounded. The company and a group …
A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or “robo,” calls to cell phones without consumers’ consent. Filed on Thursday on behalf of a nationwide class, the …
W. R. Berkley Corp. has announced that Scott R. Barraclough is the new chief executive officer of its Berkley Public Entity and Curtis E. Fletcher has succeeded Barraclough as president of Admiral Insurance, another Berkley company. Barraclough most recently served …
The Hartford reported third quarter 2018 net profit of $427 million compared with $145 million in third quarter 2017. The $282 million increase was due to higher commercial lines, personal lines, group benefits and mutual funds income, including the benefit …
