Markets
Insurers Are Often Succeeding in Getting COVID-19 Business Interruption Suits Dismissed
Insurers have succeeded in dismissing COVID-19 business interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property ...
Build Bridges to Be a ‘Leader of Hope’
A "leader of hope" can be a very effective and life-changing person, a recent blog posting by leadership expert John Maxwell argues. One of the best ways to accomplish this is to be a bridge builder, ...
U.S. Treasury Warns Carriers Not to Pay Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in ...
Allstate to Eliminate 3,800 Jobs in Ongoing Overhaul Effort
The Allstate Corp. plans to slash approximately 3,800 jobs in claims, sales, service and support functions as part of an ongoing effort to restructure, and grow its property/casualty market share ...
Executives On The Move at SCOR, Third Point Re and BHSI
SCOR named a new chief financial officer. Third Point Re appointed a chief operating officer. Berkshire Hathaway Specialty Insurance added three underwriting executives to its division in Spain.
InsurTechs Increasingly Viewed as Carrier Acquisition Targets: Deloitte
Carriers will increasingly target InsurTechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, Deloitte concluded in a new report. "As insurers move ...
UK Supreme Court Appeal Over COVID-19 Case Now Likely
Britain's markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a ...
Florida Attorney Driving Thousands of Insurer Lawsuits Violated 14 Bar Rules: Judge
Embattled Florida attorney Scot Strems, who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over the last several years, has ...
Amazon Warehouse Workers Injured More than Industry Average: Report
Amasdfdfdfdfdfcompany's progress. But internal data revealed that not only did Amazon fail to meet its own targets, but that the injury rate ticked up. Amazon told workers the robots would make their ...