J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. “A perfect storm of record-high replacement costs, increased frequency and …
Exxon Mobil Corp. has lost another round in its fight to stop states from pursuing claims that it has deceived investors and the public regarding its products and climate change. The Massachusetts Supreme Judicial Court has affirmed a trial court …
HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This acquisition enables HDI Seguros S.A. in Brazil to gain scale in motor and to diversify into non-motor property/casualty and life …
Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday. The crypto market slumped sharply …
China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party, accusing him of illegal activities and taking bribes, the anti-graft watchdog said on Wednesday. The Central Commission for Discipline Inspection …
Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. …
India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded …
Ford Motor Co. will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity for some hybrids and pickup trucks, the Iowa Attorney General’s Office said on Tuesday. The multi-state settlement covers 2013–2014 C-Max hybrids …
New York City has agreed to pay $7 million to a man who spent 23 years behind bars for a murder he didn’t commit, Comptroller Brad Lander said Monday. Grant Williams was exonerated last July in the 1996 shooting of …
Arthur J. Gallagher & Co. acquired Menlo Park, California-based Valerie Frederickson & Company Inc., dba Frederickson Partners. Founder Valerie Frederickson and her team will continue to operate under the direction of Scott Hamilton, global managing director, human resources & compensation …
