Pandemic Having LittIe Effect on Insurance Agency M&A Activity: OPTIS Partners October 27, 2020 There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the...
Lawsuit Alleges Uber Uses ‘Biased’ Rider Ratings to Fire Drivers October 27, 2020 By Josh Eidelson Uber Technologies Inc. was accused in a lawsuit of violating the U.S. Civil Rights Act by firing minority drivers based...
Goldman Sachs Denies Accusations of Attempted Cover-Up of Sexual Misconduct October 27, 2020 Goldman Sachs Group Inc. attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation,...
How Auto Workers Are Keeping Factories Running and Masks On October 27, 2020 By Joseph White When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their...
Workers’ Compensation Should See Profit This Year But Maybe Not in 2021: Fitch October 27, 2020 Despite the economic challenges from the coronavirus pandemic, the workers’ compensation insurance market is likely to report strong profitability in...
AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business October 26, 2020 By Mark Hollmer American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into...
Insureds After COVID Premium Cuts Must Ask State Regulator First, Judge Rules October 26, 2020 By Andrew G. Simpson A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a...
W.R. Berkley Says Rate Increases Averaging 14.5% Contributed to Solid 3Q Results October 26, 2020 W.R. Berkley Corp.’s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...
Remote Workforce to Double in 2021 Due to Improved Productivity: CIO Survey October 26, 2020 By Gertrude Chavez-Dreyfuss The percentage of workers around the world that is permanently working from home is expected to double in 2021 as...