Personal Lines
Allianz SE Withdraws 2020 Profit Target Over COVID-19 Uncertainties
Allianz SE withdrew its forecast for the year as Europe's biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board "does not assume that ...
Nationwide Stays (Partially) Home; Remote Work Will Remain in 5 States
Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other ...
Buffett Will Likely Address Pandemic During Berkshire Hathaway Annual Meeting
Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the ...
The Hartford Watches Closely for COVID-19 Financial Impact After Relatively Sane Q1
The Hartford's 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net ...
Pandemic to Change Future of Workers Comp, Personal Auto: Forrester
The global COVID-19 pandemic "will change the insurance industry irrevocably over the coming decade," says a new report from Forrester, with some of the biggest impacts hitting workers compensation ...
Berkshire Hathaway’s Annual Meeting to Feature Buffett and Abel; Munger Won’t Attend
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. ...
Aon’s C-Level Execs, Most Employees Hit With Pay Cuts Due to Coronavirus Uncertainties
Aon announced it will temporarily cut the pay of the company's named executive officers by 50 percent in response to the COVID-19 crisis. In addition, 70 percent of its global workforce will see a 20 ...
Italy’s Generali Asserts Ability to Remain Independent, Even With COVID-19 Uncertainties
Italy's top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid, thanks to a "solid" group of core domestic shareholders and a strong ...