Mercedes-Benz has followed Volkswagen AGs Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion by 2030.

Chubb on Friday announced that it is now offering kidnap/ransom and extortion services to both personal and commercial customers.

When insurers talk about mobile technology, the conversation usually revolves around smartphones, but at some point soon such discussions will likely be broadened to include the possible use of drone aircraft for claims management.

The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today.