AIG Settles Foreign Tax Credit Dispute With U.S. October 23, 2020 By Katherine Chiglinsky and Bob Van Voris American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. The insurer...
Safety Regulator Vows to ‘Closely Monitor’ New Tesla Self-Driving Software October 23, 2020 By Tina Bellon and David Shepardson The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.’s release of a software version intended...
IRS Takes Aim at ‘Abusive Micro-Captive Practices’ with Another Settlement Offer October 23, 2020 As the pandemic and rising insurance costs fuel greater interest by large firms in creating captive insurance organizations, the Internal...
Insurer to Appeal Restaurants’ Win in North Carolina COVID Business Interruption Case October 23, 2020 A judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor...
U.S. Consumer Agency Weighs Update of Rules on Access to Personal Financial Data October 23, 2020 The U.S. Consumer Financial Protection Bureau (CFPB) on Thursday said it is seeking public comment on a proposal to modify...
Walmart Sues U.S. to Clarify Pharmacy Liability in Opioid Crisis October 23, 2020 Walmart Inc. said on Thursday it had filed a lawsuit against the federal government, seeking clarity on the roles and...
Tangram Teams With Markel on Propane and Fuel Distributors Program October 23, 2020 Tangram Insurance Services, a managing general agency, and Markel Corp. have launched a program to provide excess liability capacity above...
Is Climate Change Making Drought One of the Nation’s Costliest Disasters? October 22, 2020 By Don Jergler Drought has become one of the costliest disasters in the U.S., causing 94 deaths and an inflation-adjusted $6.2 billion in...
Marsh Adds Aon’s Albers to Lead Its Life Sciences Practice October 22, 2020 Insurance broker Marsh announced that Eddie Albers has joined the firm to lead its U.S. Life Sciences practice. As the...
Auto Insurance Claims Satisfaction Continued to Rise During Pandemic October 22, 2020 Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience...