Chubb CEO Greenberg Reiterates Call for Litigation Reform April 14, 2021 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to...
Court Orders Chubb Subsidiary to Pay for Merchandise Lost in Warehouse Bankruptcy April 14, 2021 By Jim Sams Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of...
EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal April 14, 2021 BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion...
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns April 14, 2021 By Katherine Chiglinsky The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the...
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources April 14, 2021 By Foo Yun Chee BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance...
Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments April 13, 2021 Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for...
U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots April 13, 2021 By Manas Mishra and Michael Erman U.S. federal health agencies on Tuesday recommended pausing use of Johnson & Johnson’s COVID-19 vaccine for at least a few...
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters April 13, 2021 By Noor Zainab Hussain and David French Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment...
The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations April 13, 2021 Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This...
SEC Throws Another Wrench into Wall Street’s SPAC Machine April 13, 2021 By Ben Bain, Heather Perlberg, Gillian Tan and Crystal Tse U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to...