News
State Farm Resolves Racketeering Trial With $250M Settlement
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. ...
Age Discrimination Hiring Practices Targeted by Upcoming Court Cases
Dale Kleber is an experienced attorney, but when he spotted an ad back in 2014 for a corporate law position at a medical device and services company that specified "no more than seven years of ...
Why a framework to build agents is necessary, but not the same thing as AI doing insurance work. Almost every...
Bermuda Insurers, Reinsurers Increasingly Doing Business in the European Union
For Bermuda's global insurance and reinsurance market, European policyholders and businesses are becoming increasingly beneficial partners, according to a new study from the Association of Bermuda ...
AIG CEO Duperreault Sees Insurance Risk Benefits in Relying on ILS Market
American International Group Inc Chief Executive Brian Duperreault said on Wednesday he sees "huge potential" within the insurer's portfolio for use of a market in which investors trade assets tied ...
Gender Plays a Big Role in Workplace Harassment: Hiscox Survey
More than one-third (35 percent) of employees in the U.S. feel they've experienced workplace harassment, and half of them believe it was due to their gender. A study released by specialty insurer ...
Executives On The Move at CNA, Arch Insurance and Guy Carpenter
CNA chose a former Accenture executive as its latest chief operations officer. Arch Insurance is bringing an ex-AIG executive to run its U.S. property arm. An executive at Willis Re is switching to ...
In a Soft Market, Munich Re Regains Top Reinsurer Spot: A.M. Best 2017 Ranking
Munich Re is once again the world's largest reinsurer after losing the top spot in 2017 to rival Swiss Re, according to A.M. Best's new market segment report. A.M. Best made its assessment based on ...
Germany Pushes Back Against UK Govt. Demands for Financial Firms’ Post-Brexit Access
The European Union won't rush to enhance market access for financial firms outside the bloc, a senior German official said, pushing back against key U.K. government demands in the Brexit ...