Embedded As a Risk, New COVID Cycle Could Challenge Economic Recovery July 22, 2021 By Howard Schneider Five weeks after dropping its reference to the coronavirus as a weight on the economy, the U.S. Federal Reserve is...
Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’ July 22, 2021 By Daniel A. Rabinowitz When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner,...
AIG Employees to Return to Offices on Sept. 14 With Safety Measures July 22, 2021 American International Group Inc., one of the largest U.S. insurers, has set Sept. 14 as its global return-to-office date, Chief...
Heavy Rains Cause Sewer Overflows, Flood Problems in Alabama July 22, 2021 Heavy rains caused more than 430,000 of sewage overflows near Mobile, while another round of downpours prompted flash flood alerts...
Major Generali Shareholders Plan to Ask CEO Not to Present New Business Plan: Report July 22, 2021 MILAN – Shareholders representing about 16% of Generali are ready to ask the chief executive not to present a 2022-2024...
Hiscox CEO Masojada to Retire at Year End, Succeeded by CFO Hussain July 22, 2021 Specialist global insurer Hiscox announced that after 21 years as group chief executive, Bronek Masojada plans retire at the end...
Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities July 22, 2021 By Aradhana Aravindan and James Mackenzie Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is...
Suspended Georgia Insurance Commissioner Jim Beck Takes Stand at Fraud Trial July 22, 2021 By Jeff Amy Georgia’s suspended insurance commissioner testified at his federal fraud trial Tuesday, saying he oversaw valuable work for his former employer...
China’s Henan Province Braces for More Rain After Severe Floods Kill at Least 33 July 22, 2021 By Alfred Cang China’s Henan province is bracing for more heavy rain after severe flooding that sparked large-scale evacuations left at least 33...
W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round July 22, 2021 By Kiel Porter and Ed Ludlow UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used...