Regulators seized and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis.
Author: Annie George
Weekend Tornadoes Rip through Coastal Florida and Virginia Causing Major Damage
A pair of weekend tornadoes struck along the coastal Atlantic touching down on Virginia and Florida as powerful winds and heavy rains hit parts of the South.
Frustration Grows Over Wait on Purdue Pharma’s OxyContin Settlement
More than a year after OxyContin maker Purdue Pharma reached a tentative settlement over the toll of opioids hat was accepted nearly universally by the groups suing the company money is still not rolling out.
New Rules Engine from Verisk Powers Transformation in Property Claims Estimation
Quick and automated review of property claims estimates could soon become standard for the insurance industry in large part due to the launch of the powerful and flexible XactXpert from Verisk.
Hub International’s Market-Leading Position Attracts Investment by Leonard Green
Hub International Limited (HUB), a leading global insurance brokerage, announced today that it has entered into an agreement with Leonard Green & Partners, L.P. (LGP), a Los Angeles-based private equity firm.
Auto Insurance Shopping Reaches New Highs as Premiums Surge: J.D. Power Finds
There’s a sharper focus on saving money as large numbers of auto insurance customers shop for new policies and switch to new carriers, largely based on price.
Marsh: Global Commercial Insurance Pricing Rose 4% in 1Q 2023
Global commercial insurance pricing rose 4% in the first quarter of 2023, the same as in the prior quarter.
Fed Seeks Sweeping Changes to Bank Rules in Aftermath of SVB Failure
The Federal Reserve’s bank-supervision chief called for an extensive reevaluation of how the institution oversees US financial firms following the failure of Silicon Valley Bank.
Gallagher Reveals 1Q 2003 Results
Arthur J. Gallagher & Co. (AJG) on Thursday reported first-quarter profit of $486.5 million.
Wall Street’s New Trade: Covid-19 Insurance Claims
The nation’s gambling hub has a new high-stakes wager: Covid-19 insurance claims.