Diversity in Insurance Industry Calls For Including Different Mindsets and Experiences February 17, 2021 By Andrea Wells Insurance industry leaders have renewed their focus on recruiting, hiring and promoting not just to fill a crucial talent gap...
Judge Denies Citibank Bid to Recoup Some of Mistaken $893M Payments to Revlon Lenders February 17, 2021 By Jonathan Stempel A federal judge on Tuesday said Citigroup Inc. is not entitled to recoup half a billion dollars of its own...
Corporate Filings Reveal Pay Gap for Female Executives Narrows But Persists February 17, 2021 By Ross Kerber Even women who make it to the top ranks of U.S. corporations face a persistent pay gap compared with men...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4 February 17, 2021 American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after...
IVANS Survey Finds Agencies and Insurers Seek Greater Connectivity February 17, 2021 Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. On agency demand...
QBE Custom Property Coverage Form Targets Mid-Size Company Risks February 17, 2021 QBE North America has launched a new modular property form designed to give underwriters and brokers the ability to tailor...
150 Years of Spills: Philadelphia Refinery Cleanup Reveals Toxic Legacy of Fossil Fuels February 16, 2021 By Valerie Volcovici and Laila Kearney Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning...
Done Deal: Bold Penguin Is Now a Subsidiary of American Family February 16, 2021 Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring the digital exchange Bold Penguin that serves small businesses....
Liability for SPAC Flops: Waitr Could Be Test Case for Disgruntled Investor Lawsuits February 16, 2021 By Edvard Pettersson and Crystal Tse Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering...
Progressive to Buy Transportation Insurer Protective for $338 Million February 16, 2021 By Andrew G. Simpson The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake...