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Jay Fishman, who engineered the merger between St. Paul Cos. and Travelers Property Casualty Corp. then steered the insurer through the financial crisis and into the Dow Jones Industrial Average, is stepping down as chief executive officer because of his health.
Consumers who shop on mobile devices for auto insurance are no different than desktop consumers of the same age. In fact, those shopping for insurance were shown to have the same intent to request quotes and buy coverage as desktop users.
BMW AG, Audi AG and Daimler AG will buy Nokia Oyjs digital-map unit for 2.8 billion euros ($3.1 billion) to gain technology for connected cars that will eventually be the basis for self-driving vehicles.
American International Group Inc. more than doubled its dividend and increased its share buyback by $5 billion after asset sales helped build up cash, even as results slumped at some of the main insurance operations.
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