Apple Faces Shareholder Class-Action Suit over CEO’s China Sales Comments November 6, 2020 By Jonathan Stempel Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh November 6, 2020 Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes...
Voters OK’d Local Measures to Fight Climate Change November 5, 2020 By Don Jergler Local governments are increasingly taking it upon themselves to address climate change. Denver voters on election day passed Measure 2A,...
Cincinnati Global Picks Hernandez, Seakens to Lead 2 New Business Lines November 5, 2020 Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business:...
Liability, Safety and Infrastructure Concerns Slow Development of Self-Driving Cars November 5, 2020 By Will Kaufman Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying,...
U.S. P/C Insurer Impairments Rise Slightly in 2019: AM Best November 5, 2020 The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating...
AXIS Insurance Hires 6 Underwriters for Cyber and Technology Team November 5, 2020 AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of three lead underwriters and...
Allstate Reports 26.7% Increase in Q3 Net Income to $1.13 Billion November 5, 2020 The Allstate Corp. reported a 26.7% increase in its third quarter net income, primarily due to higher auto insurance underwriting...
Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses November 5, 2020 By Nathaniel Bullard The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change...
Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’ November 5, 2020 By Suzanne Barlyn and Alwyn Scott Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which...