Airlines Urged to Ground 777 Jets After United Falling Debris Incident February 22, 2021 By Jamie Freed and David Shepardson Boeing Co. urged airlines to suspend the use of 777 jets with the same type of engine that shed debris...
Risks of Business Failures ‘Remain Considerable,’ Says Fed February 22, 2021 By Howard Schneider The risks of ongoing business failures in the United States “remain considerable” even as the economy emerges from the coronavirus...
Insurers Seek to Question Abuse Claimants, Lawyers in Boy Scouts Bankruptcy February 22, 2021 By Randall Chase The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to...
Researchers Testing If Wearable Wristwatch Can Detect COVID-19 Infection February 22, 2021 University of Miami Miller School of Medicine researchers are recruiting health care workers to study whether a wearable device, a...
AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic February 19, 2021 A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
SPAC Backed by AmTrust Executives Files for $300M IPO February 19, 2021 By Sohini Podder A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through...
Why Industry Must Take Measurable Steps to Increase Diversity February 19, 2021 By Hank Watkins A key takeaway from 2020 is the acknowledgement that change of a magnitude greater and more frequent than anyone had...
AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale February 18, 2021 By Alwyn Scott and Suzanne Barlyn American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a...
U.S. Financial Services Leaders Support Principles for Low-Carbon Transition February 18, 2021 By Don Jergler U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support...