Massachusetts Man Sentenced to Prison for Workers’ Compensation Fraud Scheme July 9, 2021 A Massachusetts man has been sentenced to prison for a fraud scheme to evade payroll taxes and workers’ compensation requirements...
EU Approves Aon-Willis Towers Watson Merger, but Other Roadblocks Remain July 9, 2021 By L.S. Howard The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed...
People Moves: FM Global Sets CEO Succession; Berkley Fire & Marine and ArgoPro Name Presidents; Next Insurance Adds M&A Chief July 9, 2021 FM Global Appoints Roberts as President, Succeeding Lawson Global commercial property insurer FM Global announced that Executive Vice President Malcolm...
P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners July 9, 2021 There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in...
Sweeping Biden Executive Order Aims to Promote Competition in Multiple Industries July 9, 2021 By Justin Sink President Joe Biden will sign a sweeping executive order designed to promote competition across American industries, calling on regulators to...
Check’s in the Mail? Insureds Seek Claims Payments Options July 9, 2021 Insurance companies focused on the customer experience may want to reconsider how they are delivering claims payments. Data from a...
Biden Order Targets Occupational Licensing, Noncompetes, Worker Data Sharing July 9, 2021 By Josh Boak President Joe Biden plans to sign an executive order that will reduce the ability of employers to prevent workers from...
Employers, Employees Navigate Back to Office, Work from Home Plans July 9, 2021 By Alexandra Olson Last year, companies around the U.S. scrambled to figure out how to shut down their offices and set up their...
Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...