Global Economy

AIG Loses Four Black Executives, Including Two Diversity Officers

American International Group Inc. has lost four senior Black managers in recent weeks, including two who were tasked with improving the diversity of the insurer's ranks. Global inclusion head ...

Most Execs Pursue Work-Life Balance After Suffering From the ‘Pandemic Blues’

Nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to re-evaluate and improve work-life balance, a survey showed ...

Broker Alliant Sued by A.J. Gallagher Over Alleged Employee, Client Poaching Scam

California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital ...

D&O Underwriting Losses Will Continue, Worsened by Pandemic Claims: Fitch Ratings

For insurers handling U.S. directors and officers liability, Fitch Ratings has bad news and good news, both relating to the coronavirus pandemic. First, the bad: Underwriting losses will likely ...

Carnival Cruise Pandemic Liability Likely Covered by ‘Death on the High Seas Act’

Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles ...

Bayer Resolves More Roundup Cases

Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving ...