Cigna Sells Group Disability Insurance Business to New York Life in $6.3 Billion Deal December 18, 2019 Health insurer Cigna Corp. said on Wednesday it had agreed to sell its disability insurance and accidental death coverage unit...
Zaffino Assumes Added Role of President at AIG December 18, 2019 American International Group (AIG) has named Peter S. Zaffino as president, effective Jan. 1, 2020. Zaffino will continue to serve...
Hotel Chains Sued for Ignoring Warning Signs of Sex Trafficking on Premises December 18, 2019 By Matthew Lavietes Landmark U.S. legal action was filed last Monday (Dec. 9) accusing several major hotel groups of profiting from sex trafficking...
Judge Rules U.S. Army Engineers May Be Liable for Hurricane Harvey Floods December 17, 2019 Hundreds of Houston homeowners near U.S. Army Corps of Engineers-managed reservoirs may receive compensation for flooding of their properties during...
Personal Auto Insurance Underwriting Performance Has Likely Peaked: Fitch December 17, 2019 Performance in the U.S. personal auto insurance market continues to run favorably in 2019, on par with underwriting profits achieved...
Zurich Partners with Insurtech Vindati on Motor Truck Cargo Program December 17, 2019 Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to...
Weinstein Deal Seen as ‘Wake-Up Call’ for Companies But Punishing to Some Victims December 17, 2019 By Larry Neumeister A tentative $25 million settlement revealed last Wednesday to end nearly every sexual misconduct lawsuit brought against Harvey Weinstein and...
Autonomous Cars Could Worsen Gridlock. Smart Intersections Could Help. December 17, 2019 In the not-so-distant future, city streets could be flooded with autonomous vehicles. Self-driving cars can move faster and travel closer...
Government Spending Bill Includes Flood, TRIA Renewals and Obamacare Taxes Repeal December 17, 2019 By Erik Wasson and Laura Davison Congress is planning to use a $1.4 trillion package of two must-pass spending bills to repeal Obamacare taxes, raise the...
Bayer Asks Appeals Court to Toss $25 Million Roundup Cancer Verdict December 17, 2019 By Tina Bellon Bayer AG on Monday said it has asked a U.S. federal appeals court to throw out a $25 million judgment...