AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino June 3, 2024 By Susanne Sclafane AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like...
Tesla to Recall 125,227 Vehicles Over Faulty Seat Belt Warning System May 31, 2024 Tesla is recalling 125,227 vehicles in the U.S. due to a malfunction in its seat belt warning system that can...
Nationwide Pet Shedding 100,000 Policies May 31, 2024 By Chad Hemenway The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this spring, citing inflation in...
American National Exiting Homeowners Insurance Market May 31, 2024 By Chad Hemenway and Don Jergler Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI May 31, 2024 By Elizabeth Blosfield Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic...
US P/C Insurers Hit Record Investment Income in 2023 May 31, 2024 The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest...
AIG Drops Claims Against Former Execs Who Started Dellwood Insurance May 31, 2024 By Chad Hemenway American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG...
FBI Takes Down Huge Global Army of Zombie Computer Devices May 30, 2024 By Katrina Manson The FBI said it has dismantled what is likely the world’s largest botnet — an army of 19 million infected...
Supreme Court Backs NRA in First Amendment Claim Against New York Regulator May 30, 2024 By Andrew G. Simpson The U.S. Supreme Court has revived a claim by the National Rifle Association (NRA) that a former New York regulator...
Nissan Warns Owners of Older Vehicles Due to Risk of Exploding Air Bag Inflators May 30, 2024 By Tom Krisher Nissan is urging the owners of about 84,000 older vehicles to stop driving them because their Takata air bag inflators...