London-based Hyperion Insurance Group* announced that Lyn Grobler will be joining from BP as group chief information officer. Grobler, VP and CIO of corporate functions at BP, will join Hyperion in January 2016 to oversee all aspects of technology and …
A jury has awarded $7.13 million to former Los Angeles Times sports columnist T.J. Simers, who claimed he was forced out of his $234,000-a-year job by age and health discrimination. The Superior Court jury made the lawsuit award on Wednesday …
Marc Garganigo has joined OneBeacon Insurance Group as senior vice president of Professional Liability. Garganigo will oversee the company’s Design Professional business unit and will identify expansion opportunities into other professional liability customer groups. Garganigo has 23 years of industry …
Allianz Insurance, the U.K. subsidiary of Allianz SE, has appointed Lee Watts as head of casualty claims. Watts will be responsible for leading the development and implementation of technical claims strategy and best practice across all casualty and disease claims, …
UK Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree …
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch in …
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile insurance business. Net income decreased to $650 million, or $1.54 a share, from …
Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, reported Bild am Sonntag, the Berlin-based newspaper. The paper said VW engineers tampered with tire pressure and mixed diesel …
Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant products as an important example of the innovation required by …
Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to a shareholder-owned company from one owned by its policy …