Wells Fargo Weighing Sale of Insurance Brokerage Business: Bloomberg May 9, 2017 By Matthew Monks Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people...
Sterling Jewelers Settles EEOC Gender Bias Claims But Class Action Still Possible May 9, 2017 By Daniel Wiessner Sterling Jewelers Inc. has settled claims by a U.S. agency that it discriminated against female employees in pay and promotions,...
Will Technology Make Insurance Obsolete? May 9, 2017 By Joseph S. Harrington, CPCU, ARP “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive,...
Today’s Older Employees Not a Retiring Bunch May 9, 2017 By Stan Choe Retire by your mid-60s? How 1960s. More Americans age 65 and over are still punching the clock, and the last...
United Airlines Pressured to Pay Damages Over Death of Giant Rabbit May 9, 2017 By Dan Whitcomb The owners of a giant rabbit named Simon who was found dead after a United Airlines flight demanded on Monday...
New Jersey Agent Stults Honored with Woodworth Memorial Award May 9, 2017 The Independent Insurance Agents & Brokers (IIABA or the Big “I”) has awarded Charles “Cappy” Stults with the Woodworth Memorial...
Alera Group Acquires Pennsylvania’s Striewig Bonding Agency May 9, 2017 Alera Group, based in Deerfield, Ill, has acquired Striewig Bonding Agency Inc. of Wormleysburg, Penn., effective May 1, 2017. Terms...
More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY May 9, 2017 By Gavin Finch More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or...
Liberty Specialty Markets Names Chubb’s Gibbs as Chief Technology Officer May 9, 2017 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer....
Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS May 9, 2017 The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the...