Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved July 1, 2019 By Don Jergler It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely...
30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images July 1, 2019 By Jim Sams Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics...
Berkley Taps AIG’s Fenster to Lead New Berkley Prime Transportation Division July 1, 2019 W.R. Berkley Corp. has formed Berkley Prime Transportation, which will focus on providing primary commercial transportation insurance products countrywide for...
Motel 6 Settles Another Class Action Over Giving Guest Lists to Immigration Agents July 1, 2019 By Dan Whitcomb Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided...
Buffett Donates $3.6 Billion of Berkshire Stock to Five Charities July 1, 2019 Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill &...
Citing Climate Change, Chubb Will Limit Insuring, Investing in Coal Plants July 1, 2019 Global insurer Chubb announced it will no longer underwrite the construction and operation of new coal-fired plants or new risks...
Chemours Suit Claims DuPont’s Clean-Up Liability Estimates ‘Spectacularly Wrong’ July 1, 2019 By Jef Feeley and Michael Leonard Chemours Co. claims its former parent DuPont Inc.’s estimates on liabilities the spun-off company should cover were “spectacularly wrong” and...
InsuraGuest, Venture Insurance to Offer Accident, Property Coverage to Hotel Guests July 1, 2019 InsuraGuest, Inc. has partnered with Venture Insurance Programs to provide U.S. hotels with specialized insurance coverage for guests who are...
Cyber Risks Are Jeopardizing M&A Deals June 28, 2019 By Derek Hall Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals...
TATA Group’s Fitzsimons Joins AIG as Shared Services Global Chief June 28, 2019 American International Group announced that Shane Fitzsimons is joining the company as global head of Shared Services. This is a...