Fiat Chrysler Automobiles NV was ordered to pay $150 million to the family of a 4-year-old boy who burned to death in a crash after a jury found the carmaker recklessly designed the gas tank for the 1999 Jeep Grand …
ACE Group has launched ACE Multinational Partner, an enhanced package of comprehensive property and casualty insurance cover spanning traditionally separate lines of business, for U.K. and Ireland based companies with one or more overseas subsidiaries. During 2014, the ACE project …
Chicago-based Hub International Limited announced that it has acquired Progressive Home Warranty, based in Edmonton, Alberta, and Pacific Home Warranty, based in Surrey, British Columbia. The two companies provide home warranty insurance programs for construction home builders and homeowners, and …
The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said: “The companies write insurance and reinsurance from underwriting …
The German aviation authority did not know about co-pilot Andreas Lubitz’s medical background prior to the Germanwings crash that killed 150 people, it told Reuters on Sunday, raising more questions over medical oversight of pilots. Lubitz, believed to have deliberately …
AXA SA, France’s biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. Insurance companies don’t present the same risk to the global …
Doctors in Oklahoma would be required to check a new prescription drug database before prescribing certain addictive drugs under a bill signed into law by Gov. Mary Fallin. After the Senate voted 35-10 on March 31 for the bill, Fallin …
Maryland State Police are cracking down on distracted driving this month. During April, the agency says that troopers from all 22 barracks statewide will conduct additional patrols to identify distracted drivers. They say they’ll be on the lookout for people …
Insurance technology company Vertafore announced that Jeff Hawn has been named chairman and chief executive officer, effective April 13. Bryan Taylor, capital partner and lead director at TPG Capital, said Hawn was chosen after a “rigorous” selection process. “He has …
IBM is investing $3 billion to build an “Internet of Things” division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help companies better manage their businesses. IBM estimates …
