AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale February 18, 2021 By Alwyn Scott and Suzanne Barlyn American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a...
U.S. Financial Services Leaders Support Principles for Low-Carbon Transition February 18, 2021 By Don Jergler U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support...
HSB Launches Workplace Violence Insurance for Small Businesses February 18, 2021 HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling,...
Berkshire Hathaway Specialty Names 3 Regional Executives for Professional Lines February 18, 2021 Berkshire Hathaway Specialty Insurance (BHSI) has expanded its U.S. Executive & Professional Lines leadership team, naming Shelley Norman as senior...
Wife Sues Husband’s Employer Over COVID-19 Infection February 18, 2021 By Joel Rosenblatt A federal judge is weighing what she called a first-of-its-kind lawsuit that would hold an employer responsible for a worker’s...
U.S. Charges 3 North Koreans in $1.3B Hacking of Banks, Sony, Others February 18, 2021 By Mark Hosenball, Raphael Satter and Sarah N. Lynch The United States has charged three North Korean computer programmers with a massive hacking spree aimed at stealing more than...
Many Firms Aren’t Paying OSHA Fines Levied for COVID-19 Safety Violations: Reuters February 18, 2021 By Chris Kirkham U.S. workplace safety regulators have announced more than $4 million in penalties on more than 300 employers they say put...
Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan February 17, 2021 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone...
Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare February 17, 2021 By Andrew G. Simpson The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding...
Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s February 17, 2021 Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a...