P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues November 9, 2020 Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face...
Companies Hope to Take California Gig Worker Classification Law Nationwide November 8, 2020 By Tina Bellon and Munsif Vengattil Gig economy companies want to turn California voters’ decision to make ride-service drivers contractors into a model for the nation,...
Update: AIG Weighs IPO or 19.9% Stake Sale of Life and Retirement Unit November 6, 2020 Insurer American International Group Inc said on Friday it is considering an initial public offering or a private sale of...
Liberty Mutual Reports 46% Hike in Q3 Net Income Despite Catastrophe Losses November 6, 2020 Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe...
AIG’s Profit Slumps on Q3 Catastrophe Losses November 6, 2020 American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and...
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,...