AIG Plans Sale of Life Business to Blackstone and in IPO July 14, 2021 By David French, Alwyn Scott and Nivedita Balu American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone...
Federal Safety Agency Sues Amazon to Hold It Responsible for Hazardous Products July 14, 2021 By Jonathan Stempel and havi Mehta The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc. to force the retailer to...
Pandemic Part of a Perfect Storm for Insurers, Homeowners Bracing for Bad Wildfire Season July 14, 2021 By Don Jergler A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as...
Trial Underway For Suspended Georgia Insurance Commissioner Jim Beck July 14, 2021 By Jeff Amy Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk...
Norwegian Cruise Line Sues Florida Over COVID Vaccine Passport Ban July 14, 2021 By Ezra Amacher Norwegian Cruise Line Holdings filed a lawsuit against Florida’s surgeon general on Tuesday July 13 over a state law that...
Credit Ratings Assigned to Illinois’ Vantage Risk Specialty Insurance July 14, 2021 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent)...
Openly’s Homeowners Insurance Now Available in Oklahoma July 14, 2021 The Boston-based homeowners insurance platform, Openly, is now available for homeowners and independent insurance agents in Oklahoma. Independent insurance agents...
Hurricane Elsa Insured Loss Estimated To Be $290 Million July 14, 2021 Total estimated insured losses on land from Hurricane Elsa will be around $290 million. About $240 million of that was...
SASSI Introduces Business Owner Policies for Salons & Spas July 14, 2021 The Salon and Spa Specialty Insurance Agency, or SASSI, launched a business owners policy (BOP) for smaller salons and spas....
Lake Charles Building Still Empty Months after Hurricane Laura July 14, 2021 The Capital One Tower, a 22-story building that has stood tall over Lake Charles for nearly 40 years is still...