Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement July 1, 2020 By Dana Hull Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time July 1, 2020 By Andrew G. Simpson Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not...
Aon Reverses Salary Cuts Implemented in May for Most Employees June 30, 2020 By L.S. Howard Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best June 30, 2020 The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years...
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients June 30, 2020 American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage...
FCCI Insurance Names Welch President/CEO, Replacing Johnson Who Was Fired June 30, 2020 FCCI Insurance Group’s board of directors has named Christina “Cina” Welch as president and CEO, replacing Craig Johnson who was...
Car Crashes Became Deadlier During Lockdowns Across Globe: Reuters Insight June 30, 2020 By Lena Masri LONDON – Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped...
North Carolina-Based BB&T Rebrands as Truist Insurance Holdings June 30, 2020 BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc. With...
Nationwide’s Transition to Independent Agency Insurance Company Complete June 30, 2020 Nationwide says the process of transitioning the company to operate as an independent insurance agency carrier is complete, effective July...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo June 29, 2020 Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2....