SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup February 4, 2021 By Bob Van Voris and Christian Berthelsen The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer...
Insurance Journal’s Agency Partnership News Wrap-Up February 4, 2021 Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020...
Allstate Reports Net Income Rose 52% for Q4 February 4, 2021 Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up...
McKinsey to Pay $573 Million to States to Settle Opioid Claims February 4, 2021 By Nate Raymond Consulting firm McKinsey & Co. has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states...
Commercial Insurance Prices Rose 22% in Q4, but Some Lines Began to Plateau: Marsh February 4, 2021 Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released...
RMS Updates Cyber Application Offerings, Targets ‘Silent’ Cyber Risks February 4, 2021 Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the...
Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic February 4, 2021 By Jonnelle Marte The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic,...
Bayer Strikes $2 Billion Deal to Resolve Future Roundup Cancer Claims February 4, 2021 By Tom Hals Bayer AG struck a $2 billion deal to resolve a class action of future claims relating to allegations that its...
AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects February 3, 2021 AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction...
Aon’s Norris Jumps to Marsh to Lead U.S. Healthcare Practice February 3, 2021 Gisele Norris has joined global insurance broker Marsh to lead its U.S. Healthcare Practice. In this role, Norris is responsible...