Allied World Sells Majority Stake in High-Net Worth Insurer Vault November 18, 2020 By Andrew G. Simpson Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net...
Nearly 90,000 Sexual Abuse Claims Filed Against Boy Scouts in Bankruptcy November 18, 2020 By David Crary Close to 90,000 sexual abuse claims have been filed against the Boy Scouts of America as the Monday deadline arrived...
Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs November 17, 2020 By Cristin Flanagan The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed...
Cyber Security Top Concern for Businesses in ‘Age of Risk:’ Marsh & McLennan’s Glaser November 17, 2020 By Alwyn Scott Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus...
Arch Insurance N. America Hires Former Guarantee CEO Ruschak as EVP, Surety November 17, 2020 Arch Insurance North America announced that Stephen Ruschak has been hired as executive vice president, Surety. Ruschak most recently was...
Zywave Snatches Up Advisen in Move to Accelerate Global Growth November 17, 2020 Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid...
Is the Aviation Insurance Market Ready for a COVID-19 Vaccine? November 17, 2020 By James Jordan and Paul Woodley As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
U.S. Safety Agency Expands Probe Into 159,000 Teslas Over Touchscreen Failures November 17, 2020 By David Shepardson The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla...
State Farm Fire Prevention Pilot Tests Sensors That Detect Electrical Wiring Defects November 17, 2020 By Jim Sams State Farm is sending sensors that can detect hazards in electric wiring to 40,000 homeowners in California, Arizona and Texas...