Toyota Motor Corp. reached a settlement potentially worth $150 million to resolve U.S. class-action litigation tied to recalls of about 3.36 million Toyota and Lexus vehicles whose defective fuel pumps could cause engines to stall. A preliminary settlement was filed …
Many of today’s insurance professionals lack the time, resources, data, and technology to create analytical tools within their organization that allow them to more effectively price property risks and compete against larger carriers. Designing new pricing variables, especially pricing variables …
Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and manufacturing. Terpack joins Zurich from …
AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale market. The division is being led by Carlton Maner who has been appointed as CEO, AXIS Wholesale, reporting directly to …
Kwasi Kwarteng, the UK’s new chancellor of the exchequer, said the government will pursue sweeping financial reforms to unleash growth and competitiveness at a meeting Wednesday with industry leaders. The aim is to unleash a “Big Bang 2,” Kwarteng said, …
Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off the market, according to a draft …
Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs as UK inflation hits multi-decade highs. John Neal, chief executive officer at the insurance exchange, said he wrote to staff …
Burns & Wilcox added California-based Joe Jurkovich and promoted Tom Carvalho and Evan Hudson. Jurkovich joins as associate managing director, where he oversees the Fresno office’s day-to-day operations and growth strategy. He has nine years of industry experience, and most …
Coffee store giant, Starbucks Corp., will reinstate seven employees who were fired in February after leading an effort to unionize a Memphis store. The seven workers will get their jobs back after the Seattle-based coffee giant lost an appeal of …
The trial in Ambac Financial Group Inc.’s $2.7 billion case against Bank of America is expected to begin in New York state court on Wednesday, 12 years after the bond insurer sued over troubled mortgage-backed securities issued before the 2008 …