World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate January 27, 2021 By Simon Jessop European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the...
Utility Paying $2B Settlement in Deadly 2018 California Fire January 27, 2021 Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment...
Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims January 27, 2021 By Robert Burnson AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws...
Parents of Maryland Teen Who Died in Class File Lawsuit January 27, 2021 The parents of an autistic Maryland teenager who died in class after choking on a glove have filed a lawsuit...
Beacon Mutual Names Hanover’s Tumeinski as Chief Financial Officer January 27, 2021 The Beacon Mutual Insurance Company has named Gregg Tumeinski as chief financial officer (CFO). Tumeinski will succeed Cynthia Lawlor, who...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
SterlingRisk Insurance Promotes Larocca to Chief Strategic Relations Officer January 27, 2021 SterlingRisk Insurance, a Woodbury, New York-based independent insurance brokerage, has promoted Robert F. Larocca to chief strategic relations officer. Larocca,...
China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved January 27, 2021 By Bloomberg News Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief...
Volkswagen Wants U.S. Supreme Court to Nix ‘Staggering’ Diesel Claims by Counties January 27, 2021 By David Shepardson Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that...
Tennessee Reports Highest Number of Boating Deaths in 37 Years in 2020 January 27, 2021 Tennessee had 32 boating-related deaths in 2020, the most in 37 years, wildlife officials said. The Tennessee Wildlife Resources Agency...