AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business October 26, 2020 By Mark Hollmer American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into...
Insureds After COVID Premium Cuts Must Ask State Regulator First, Judge Rules October 26, 2020 By Andrew G. Simpson A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a...
W.R. Berkley Says Rate Increases Averaging 14.5% Contributed to Solid 3Q Results October 26, 2020 W.R. Berkley Corp.’s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...
Remote Workforce to Double in 2021 Due to Improved Productivity: CIO Survey October 26, 2020 By Gertrude Chavez-Dreyfuss The percentage of workers around the world that is permanently working from home is expected to double in 2021 as...
Scientists Identify Nuclear Plants Facing Highest Risks From Earthquakes October 26, 2020 By Timothy Gardner The U.S. nuclear power reactors facing the highest risks of a meltdown from earthquakes are not in tremor-prone California, but...
McDonald’s Seeks Dismissal of Racial Bias Claims by Black Former Franchise Owners October 26, 2020 By Jonathan Stempel McDonald’s Corp. on Friday urged a U.S. judge to dismiss a lawsuit by dozens of Black former franchise owners who...
Amazon Injuries Could Spark Higher Workers’ Comp Rates for Fulfillment Centers October 26, 2020 By Matt Day and Spencer Soper Injuries in Amazon.com Inc. warehouses could damage more than just the company’s reputation. They could start to hurt the e-commerce...
AIG Settles Foreign Tax Credit Dispute With U.S. October 23, 2020 By Katherine Chiglinsky and Bob Van Voris American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. The insurer...
Safety Regulator Vows to ‘Closely Monitor’ New Tesla Self-Driving Software October 23, 2020 By Tina Bellon and David Shepardson The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.’s release of a software version intended...