Commercial Lines
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Facebook Warned It Faces Criminal Prosecution in UK for Failing to Keep Users Safe
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. "Why would we give them two ...
AXA Fund Arm to Ditch Oil and Gas Companies if Emissions-Reduction Plans Fall Short
The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...
AIG CEO Zaffino Promises 2022 IPO for Portion of Life/Retirement Business
American International Group remains on track to sell of part of its Life & Retirement unit through an IPO in the first half of 2022, according to company President and CEO Peter Zaffino. Some ...
Boeing Directors Reach $237.5M Settlement Over 737 MAX Safety Oversight
Boeing Co current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board's safety oversight of the 737 MAX aircraft, ...
The Hartford, Yale School of Medicine to Develop Pilot to Better Treat Injured Workers
The Hartford and The Yale School of Medicine are developing a new pilot program designed to better treat injured workers and curb the ongoing U.S. opioid crisis. The insurer will be working ...
AXIS Enacts Policy to Ensure Diverse Supplier Networks for Its Operations
AXIS Capital Holdings is enacting a policy designed to ensure a more diverse base for its supplier networks. The Bermuda-based specialty insurer and reinsurer said its new Supplier Diversity Policy ...