Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
SPAC Backed by AmTrust Executives Files for $300M IPO February 19, 2021 By Sohini Podder A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through...
Why Industry Must Take Measurable Steps to Increase Diversity February 19, 2021 By Hank Watkins A key takeaway from 2020 is the acknowledgement that change of a magnitude greater and more frequent than anyone had...
AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale February 18, 2021 By Alwyn Scott and Suzanne Barlyn American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a...
U.S. Financial Services Leaders Support Principles for Low-Carbon Transition February 18, 2021 By Don Jergler U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support...
HSB Launches Workplace Violence Insurance for Small Businesses February 18, 2021 HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling,...
Berkshire Hathaway Specialty Names 3 Regional Executives for Professional Lines February 18, 2021 Berkshire Hathaway Specialty Insurance (BHSI) has expanded its U.S. Executive & Professional Lines leadership team, naming Shelley Norman as senior...
Wife Sues Husband’s Employer Over COVID-19 Infection February 18, 2021 By Joel Rosenblatt A federal judge is weighing what she called a first-of-its-kind lawsuit that would hold an employer responsible for a worker’s...
U.S. Charges 3 North Koreans in $1.3B Hacking of Banks, Sony, Others February 18, 2021 By Mark Hosenball, Raphael Satter and Sarah N. Lynch The United States has charged three North Korean computer programmers with a massive hacking spree aimed at stealing more than...
Many Firms Aren’t Paying OSHA Fines Levied for COVID-19 Safety Violations: Reuters February 18, 2021 By Chris Kirkham U.S. workplace safety regulators have announced more than $4 million in penalties on more than 300 employers they say put...