AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul August 13, 2019 By Mark Hollmer AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s...
Paychex Now Offering Cyber Liability Insurance to Payroll Clients August 13, 2019 Payroll management firm Paychex is now making cyber liability insurance available to its clients through Paychex Insurance Agency and AXIS...
Car Makers Befriend Hackers to Learn About Cyber Vulnerabilities August 13, 2019 By Tina Bellon At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital,...
New FAA Chief Asked to Review Agency’s Handling of Boeing Crashes August 13, 2019 By David Shepardson U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA)...
Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees August 12, 2019 By Josh Saul Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin...
Insurer MBIA Sues Banks Over ‘Financial Tragedy’ of Defaulted Puerto Rico Bonds August 12, 2019 Bond insurance company MBIA Inc. sued several financial institutions on Thursday over their role in underwriting billions of dollars of...
Hurricane Activity Could Pick Up as El Nino Fades, Say Forecasters August 12, 2019 By Seth Borenstein Government meteorologists say this year’s hurricane season may be busier than initially expected now that summer’s weak El Nino has...
Facebook Must Face Privacy Class Action Over Collecting Biometric Data August 12, 2019 By Jonathan Stempel A federal appeals court on Thursday rejected Facebook Inc.’s effort to undo a class action lawsuit claiming that it illegally...
Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes August 12, 2019 Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers...
Chubb Launches Combined Product for Professional Service Firms August 12, 2019 Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact...