A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the center of a system that allowed clients to break mutual-fund trading rules. JPMorgan Chase & Co., which acquired the company …
Insurers could soon be able to deploy drones for speedier response to natural disasters under a provision in legislation reauthorizing the Federal Aviation Administration passed by the Senate Wednesday. “The process called for in this legislation represents a vital step …
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & Young U.S. LLP, would score $40 million over 10 years …
Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program. While …
Specialty property/casualty insurer Philadelphia Insurance Companies announced the hiring of Brian Kilroy as national vice president of Marketing. Kilroy will lead the insurer’s wholesale and global broker relationships, as well as focus on business development opportunities between Tokio Marine Group …
A Jersey City, New Jersey, man has admitted using social media to promote a website that sold fake driver’s licenses, some of which were later used to commit financial crimes, according to U.S. Attorney Paul J. Fishman. Fishman’s office said …
The Insurance Information Institute (I.I.I.) announced that Sean Kevelighan, most recently with Zurich Insurance, has been named president and chief executive officer, effective Aug. 8. Kevelighan brings with him 18 years of public affairs, communications and media relations experience, including …
Small SUVs for 2016 and 2017 did poorly during new headlight tests done by the insurance industry. The Insurance Institute for Highway Safety said Tuesday that none of the 21 SUVs tested earned its highest ranking. The Ford Escape, Honda …
Two 21st Century Fox Inc. units have settled class-action litigation by former interns who said they should have been paid for their work, in a case that sparked multimillion-dollar settlements with interns at other big media companies. According to papers …
Firefighting is largely a man’s world, but one suburban Boston firefighter is among a few women trying to change that. Ashland, Mass. fire Lt. Lyn Moraghan founded Camp Bailout for girls in 2011 to give them a feel for what …