Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains January 21, 2021 By Noor Zainab Hussain and Suzanne Barlyn Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped...
Trump Order Allows Government to Block Use of U.S. Cloud Services in Foreign Countries January 21, 2021 By Jamie Tarabay On his last full day in office, President Donald Trump signed an executive order the White House said was aimed...
2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits January 21, 2021 By Andrew G. Simpson Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores...
Why Now May Be the Best Time to Start an Insurance Agency: Viewpoint January 21, 2021 By Tony Caldwell Starting an independent insurance agency, or any business, is a risky proposition. You’re moving from a secure position with a...
Supreme Court Rejects Merck’s Bid to Reinstate $2.5B Damage Award Against Rival January 20, 2021 By Andrew Chung The U.S. Supreme Court on Tuesday rejected Merck & Co. Inc.’s bid to revive a $2.54 billion jury verdict it...
ProSight to Become Private Company After Being Acquired by Investors January 20, 2021 By Andrew G. Simpson International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of...
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS January 20, 2021 There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The...
Safety Agency Orders Ford to Recall 3 Million Vehicles Over Takata Air Bags January 20, 2021 By David Shepardson Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator...
Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms January 20, 2021 By Lawrence Hurley The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit...
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating January 20, 2021 AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer...