China Regulator Raises Cap on Equity Investments Made by Domestic Insurers to 45% July 20, 2020 China’s banking and insurance regulator said it was raising the cap on how much the country’s insurers can invest in...
Canadian Insurer Manulife Plans to Increase Diversity by 30% Within 5 Years July 20, 2020 Manulife Financial Corp said on Friday it was making a push to increase the representation of minorities across its North...
Crest Insurance in California Adds Vaccaro July 20, 2020 Crest Insurance Group in San Diego, Calif. has added Hunter Vaccaro to the California branch. Hunter previously worked as a...
Pinnacol in Colorado Adds Golombek and Salazar to Board, Announces New Chair July 20, 2020 Colorado workers’ comp insurer Pinnacol Assurance has added Ellen Golombek and Jesus Salazar to its board of directors, while farm...
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch July 20, 2020 After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with...
Business Moves July 20, 2020 National Ryan Specialty Group, All Risks Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will...
Lloyd’s to Exit U.S. Admitted Market to Focus More on U.S. Surplus Lines, Reinsurance Markets July 20, 2020 Lloyd’s announced it plans to stop accepting admitted market accounts in the United States in a year and focus on...
California Labor Commissioner Sues Gig Car Wash for Misclassifying Workers July 20, 2020 The Labor Commissioner’s Office has filed a lawsuit against a gig-economy car wash company in Southern California for violating labor...
Colorado Files Suit Against Juul for Marketing to Minors July 20, 2020 Colorado has filed a lawsuit against an e-cigarette manufacturer saying the company marketed products to children and downplayed health risks....
Appeals Court Backs Immunity of Iowa Officer Who Stomped on Suspect’s Ankle July 20, 2020 A Davenport, Iowa, police officer who stomped on the ankle of a suspect used unreasonable force but cannot be held...