Zurich, Switzerlands biggest insurer, reported a fourth-quarter loss after damage claims ranging from the Tianjin disaster in China to storms in the U.K. and Ireland.
The verdict in Fire Insurance Exchange in Ballard v. Fire Insurance Exchange caused a pervasive fear of mold claims in the insurance industry. The fear was mostly misplaced.
AIG, the insurer being pressured by billionaire investor Carl Icahn to split up, agreed to nominate one of the activists allies to the board of directors along with hedge fund manager John Paulson.
Google Inc.s artificial-intelligence system will be interpreted as a driver by federal regulators, a step toward compliance that would help the tech giants self-driving cars hit U.S. roads.
Many insurers routinely refer business income claims to CPAs and forensic accountants, and the result is that insurers incur substantial adjustment expense.