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French Firefighters Begin to Contain Wildfires
French authorities are close to containing one of the fiercest blazes to break out during four days of wildfires in the country’s southeast that have led to the evacuation of more than 12,000 people. The fires in Bormes-les-Mimosas calmed Thursday morning because …

POSTED JULY 28, 2017 12:36 PM
Senate Republicans Fail in Bid to Repeal Obamacare
A months-long effort by Senate Republicans to pass health legislation collapsed early Friday after GOP Senator John McCain joined two of his colleagues to block a stripped-down Obamacare repeal bill. “I regret that our efforts were simply not enough, this …

POSTED JULY 28, 2017 12:33 PM
Wells Fargo Insurance Accuses Failed Bidder Alliant of Poaching Executives
Alliant Insurance Services Inc. is using confidential information obtained during a failed bid for Wells Fargo & Co.’s commercial insurance business to poach top sales executives, according to a lawsuit filed by a Wells Fargo unit. The lawsuit, filed on Wednesday in Delaware’s Court …

POSTED JULY 28, 2017 12:21 PM
ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson
Non-life insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, according to a report by Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. …

POSTED JULY 28, 2017 10:47 AM
FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region
FM Global, the Johnston, R.I.-based commercial property insurer, has made key changes to its management team, moving Stefano Tranquillo and David M. Johnson into new roles in EMEA/Asia Pacific and the Asia region. Stefano Tranquillo has been appointed senior vice …

POSTED JULY 28, 2017 9:08 AM
Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations
Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile sandbags in front of their homes to protect themselves from a swollen river. The center of the town of Goslar, in the …

POSTED JULY 28, 2017 7:20 AM
Democratic Republic of Congo to Open $500M Insurance Industry to Investors
The Democratic Republic of Congo’s insurance regulator is preparing to open up an industry for the first time that could be worth as much as $500 million a year to investors. The newly created Insurance Regulatory Authority, known by the …

POSTED JULY 28, 2017 7:11 AM
Viewpoint: Employers Rejecting Marijuana Users Will Pay a Price
In Youngstown, Ohio, the employment problem is not a shortage of jobs. Nor is it a shortage of workers. The problem is not stingy employers who don’t want to pay enough to attract good workers. Nor is the problem that …

POSTED JULY 28, 2017 5:00 AM
From Here to Autonomy: Morality and Retirement Timeline for Auto Insurance Pros
While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward …

POSTED JULY 28, 2017 5:00 AM
Federal Class Action Securities Fraud Filings Set Historic Pace
Federal class action securities fraud filings hit a record pace in the first half of 2017. Over the past six months, plaintiffs initiated 226 securities fraud class actions in federal court, more than in any equivalent period since enactment of …

POSTED JULY 28, 2017 5:00 AM

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