Next Virus Shutdown May Cost Washington Restaurants $800M November 25, 2020 A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is...
AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets November 25, 2020 By Bei Hu AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The...
PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable November 25, 2020 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and...
California Regulator Raising Concern with PG&E’s Wildfire Safety Measures November 25, 2020 The California Public Utilities Commission has raised concerns over certain deficiencies that it says could affect PG&E Corp.’s ability to...
Established Insurers Could See Market Share Squeezed by Fintechs, EU Says November 25, 2020 By Carolyn Cohn Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal November 25, 2020 Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group....
Starbucks Barista Who Declined to Wear Gay Pride T-Shirt Sues Over Firing November 25, 2020 By Jonathan Stempel A former Starbucks Corp. barista in New Jersey sued the coffee chain on Thursday, claiming she was fired illegally because...
Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform November 25, 2020 Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization...
UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer November 25, 2020 British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners...
Road Rage Lawsuit Has Implications for Police Shootings: Opinion November 25, 2020 By Stephen L. Carter, Bloomberg Opinion Can you be fired from a government job for using a firearm in self-defense? That question arose in a recent...