Court Denies Shareholder Claim Against AIG Bailout Case Led by Starr’s Greenberg May 9, 2017 By Jonathan Stempel A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc....
How P/C Insurers Fared in 2016 May 9, 2017 Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly...
Wells Fargo Weighing Sale of Insurance Brokerage Business: Bloomberg May 9, 2017 By Matthew Monks Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people...
Sterling Jewelers Settles EEOC Gender Bias Claims But Class Action Still Possible May 9, 2017 By Daniel Wiessner Sterling Jewelers Inc. has settled claims by a U.S. agency that it discriminated against female employees in pay and promotions,...
Will Technology Make Insurance Obsolete? May 9, 2017 By Joseph S. Harrington, CPCU, ARP “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive,...
Today’s Older Employees Not a Retiring Bunch May 9, 2017 By Stan Choe Retire by your mid-60s? How 1960s. More Americans age 65 and over are still punching the clock, and the last...
United Airlines Pressured to Pay Damages Over Death of Giant Rabbit May 9, 2017 By Dan Whitcomb The owners of a giant rabbit named Simon who was found dead after a United Airlines flight demanded on Monday...
Digital Property Inspection Startup Spex Gains J.S. Held as Backer May 8, 2017 J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex,...
Kimberly-Clark Sues to Force Spinoff to Pay $350 Million Surgical Garb Damages May 8, 2017 By Jef Feeley Kimberly-Clark Corp. sued its spinoff Halyard Health Inc. claiming it wrongfully refused to pick up the entire tab for a...
JLT Specialty Names Nichols as Senior Vice President May 8, 2017 JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group, announced the appointment of Grant Nichols as senior vice...