The State Corporation Commission’s Bureau of Insurance (Bureau) in Virginia has named Julie S. Blauvelt deputy commissioner of its Life and Health Division. In this capacity, she oversees a staff that reviews insurance policy rates and forms, performs market conduct …
American International Group Inc.’s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. Chairman Doug Steenland, in his annual letter Monday, said that the board …
Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis.” The pact between the world’s largest maker of premium cars and the world’s largest automotive supplier …
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more than 200,000 individual data entries defining property sums insured …
Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh central bank’s account at the Federal …
The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank. The Labor Department’s Occupational Safety and Health Administration (OSHA) announced on Monday that the bank …
The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of being the “paymaster” to militant groups. …
Gov. Mary Fallin says the U.S. Department of Agriculture has approved emergency loans for livestock producers in six Oklahoma counties affected by recent wildfires. The fires in early March burned more than 1,200 square miles in northwest Oklahoma and southwest …
A morale crisis at American International Group Inc. could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday. AIG ranked last through …
The parents of a Kentucky teenager say the steel blade of a samurai sword broke off its handle and flew in the air as he played with friends, piercing the boy’s forehead and leaving him in a coma for weeks. …
