Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share April 22, 2021 By Andrew G. Simpson After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two...
Geico Customer Data Breach May be Part of Unemployment Insurance Scam April 22, 2021 By Andrew G. Simpson Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months...
Court Agrees Chubb Excluded Coverage in $3.3 Million Unsolicited Advertising Case April 22, 2021 By Andrew G. Simpson Chubb subsidiary Federal Insurance Co. does not have to pay $3.3 million that medical device services firm Mesa Laboratories Inc....
IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now April 9, 2021 By Andrew G. Simpson Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as...
Some States Still Weigh Mandating Business Interruption Coverage April 5, 2021 By Andrew G. Simpson Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies...
Chubb ‘Disappointed’ in Hartford’s Rejection of Merger Offer, Talks March 29, 2021 By Andrew G. Simpson Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack March 29, 2021 By Andrew G. Simpson CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings...
Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb March 19, 2021 By Andrew G. Simpson While Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers,...
Cyber Insurance Firm Coalition Raises $175M; Plans Commercial Lines Expansion March 17, 2021 By Andrew G. Simpson Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth...
People Moves: Institutes’ Horowitz; Rizzuto from Travelers to IAT; BHSI Adds AIG’s Freid; Ryan Re Leaders March 17, 2021 By Andrew G. Simpson Horowitz Promoted at The Institutes Katherine Horowitz has been promoted to executive vice president and head of Business Units at...