AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050 March 1, 2022 By Chad Hemenway American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050....
Liberty Mutual Closes Deal for State Auto Group March 1, 2022 By Chad Hemenway Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The...
Hub, Bold Penguin to Acquire Small-Business Digital Agency Insureon March 1, 2022 By Chad Hemenway Brokerage Hub International and insurtech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the...
EPA Power to Curb Carbon Emissions Questioned by Supreme Court March 1, 2022 By Lawrence Hurley and Valerie Volcovici Conservative U.S. Supreme Court justices on Monday appeared skeptical of the federal government’s authority to issue sweeping regulations to reduce...
Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks February 28, 2022 By Max Reyes Aon Plc is investigating a “cyber incident” that the insurance brokerage said impacted a limited number of its systems. The...
Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court February 28, 2022 By Dietrich Knauth and Tom Hals Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S....
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate February 28, 2022 By Andrew G. Simpson The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state...
Hyundai, Kia Are Sued After Recalling Vehicles Because of Fire Risk February 28, 2022 By Jonathan Stempel Hyundai Motor Co. and Kia Corp. were sued on Friday by drivers who claimed a defect in their vehicles’ anti-lock...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020 February 28, 2022 Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the...
AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...