Allstate’s Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business March 29, 2021 The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re...
Chubb ‘Disappointed’ in Hartford’s Rejection of Merger Offer, Talks March 29, 2021 By Andrew G. Simpson Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in...
FEMA Knows About Trying to Build Back Better Infrastructure March 29, 2021 By Leslie Kaufman Lawmakers in Washington are gearing up for the Biden administration’s first major legislative challenge: a set of measures on long-term...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack March 29, 2021 By Andrew G. Simpson CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings...
Software Developers Launching Type of Insurance Cover for Cryptocurrencies March 29, 2021 By Olga Kharif Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a...
Photographer Wins Copyright Claim Over Warhol Art March 29, 2021 By Larry Neumeister A U.S. appeals court sided with a photographer Friday in a copyright dispute over how a foundation has marketed a...
Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer March 28, 2021 By Jan-Henrik Förster and Aaron Kirchfeld Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the...
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders March 26, 2021 Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of...
Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves March 26, 2021 By Suzanne Barlyn U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that...
Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics March 26, 2021 By Alwyn Scott and Suzanne Barlyn Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United...