News
AIG to Make Zaffino CEO and Duperreault Exec Chairman; Life & Retirement Biz to Separate
American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company. Peter Zaffino, currently AIG's ...
China Fintech Giant Ant Group Poised to Raise Record $34.4B IPO
Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world's largest stock market debut, with investors scrambling for a piece ...
Amazon Risks Higher Workers Comp Rates Due to Fulfillment Center Injuries
Injuries in Amazon.com Inc. warehouses could damage more than just the company's reputation. They could start to hurt the e-commerce giant's bottom line, as well. Washington state's workplace safety ...
State Judge Favors Policyholders in COVID-19 Closure Lawsuit
A judge in Durham County, North Carolina has handed down what may be the nation's first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge ...
Lemonade Ranks Highest for Renters Insurance in J.D. Power Study
Lemonade took the No. 1 spot for the renters insurance segment in the J.D. Power 2020 U.S. Home Insurance Study, marking the first time an InsurTech brand has ranked highest in one of J.D. Power's ...
InsurTechs Start Reaching Size and Capacity That Commands Insurance Industry Attention
The latest crop of InsurTechs began appearing in force around 2015, with promises to disrupt the insurance industry and change the world. Industry veterans have often taken those boasts with a grain ...
AIG Settles Dispute With U.S. Involving Foreign Tax Shelters
American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. The insurer agreed to pay a 10% penalty and disallow ...
QBE Makes Pryce Interim CEO During Search for Replacement
QBE Insurance Group announced that Richard Pryce will assume the role of interim group chief executive officer while the search process for a permanent replacement is underway. The executive changes ...