New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. The New …
Rail cars carrying gas and sulfur on a CSX Corp freight train skidded off the tracks and burst into flames on Wednesday in a small Pennsylvania town, forcing hundreds of residents to flee their homes as firefighters fought the blaze. …
Any legal decision on whether the largest U.S. life insurer MetLife Inc. should be labeled “too big to fail” will probably come after the Trump administration defines its stance on the designation. A U.S. appeals court said on Wednesday that …
JLT Re, the global reinsurance broker and consultant, has appointed Ben Gray as a partner in JLT Re’s London & International Markets (LIM) team with a focus on cyber treaty. Gray joins from UK-based broker Ed where he was a …
AXA reported a stronger than expected rise in net profit for the first half of the year, helped by higher asset management and property and casualty earnings, and by lower restructuring costs. Europe’s second largest insurer said on Thursday that …
President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate of Japan’s epic bust in the 1990s and decades of stagnation that followed. The report covered a wide range of …
The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to …
The family of a drunken man dropped off at a Taco Bell by Ohio sheriff’s deputies and later fatally struck by a vehicle settled a lawsuit alleging authorities endangered him while joking about his Mexican heritage. The $300,000 settlement with …
National Partners, a new premium finance company, has named industry veteran Anthony Hanes managing director of sales. He is based in National Partners’ Chicago office. Hanes has 15 years of experience in the premium finance industry and developing strong, profitable …
Democratic lawmakers pushed on Tuesday for another chance to question Wells Fargo & Co.’s leadership about sales practices after the scandal-hit bank said it forced auto insurance on borrowers who did not need it. Democrats on the Senate Banking Committee …
