UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger September 28, 2020 UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after...
Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts September 28, 2020 By L.S. Howard Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies,...
Louisiana Utility: Hurricane Laura Repair Costs Now at $1.4B September 28, 2020 A Louisiana utility says the cost to restore electricity and repair power lines damaged in the state during Hurricane Laura...
Alphabet Settles Suit Over Executives’ Exit Pay, Coverups Linked to Sexual Misconduct September 28, 2020 By Munsif Vengattil and Paresh Dave Alphabet Inc. on Friday settled a shareholder lawsuit that accused the Google parent of covering up lavish exit packages to...
CopperPoint in Arizona Reelects Directors Patrick and Tully to Board September 28, 2020 Judith Patrick and Mike Tully have been reelected to the board of directors for CopperPoint Mutual Insurance Holding Co. The...
Crest in Colorado Promotes VanGotten to Assistant Commercial Lines Manager September 28, 2020 Crest Insurance LLC of Denver, Colo., has promoted Jason VanGotten to assistant commercial lines manager. His prior experience includes ownership...
EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims September 28, 2020 By Francesco Guarascio European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different...
UN Envoy Carney Backs Investors’ Call for Increased Climate Risk Disclosure September 28, 2020 By Simon Jessop United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
Four Senior-Level Black Managers Including Diversity Leaders Exit AIG September 28, 2020 By Max Abelson and Katherine Chiglinsky American International Group Inc. has lost four senior Black managers in recent weeks, including two who were tasked with improving...