News
AIG Investment Advisory Unit Will Resolve SEC Charges With $40M Payment
An investment advisory unit of American International Group has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that ...
Sapiens to Acquire Rival Delphi Technology, With Eye on MPL Space
Sapiens International Corp. said it plans to pay nearly $20 million for rival software company Delphi Technology in order to more deeply penetrate the medical professional liability insurance space. ...
Consumers Significantly Underestimate Their Flood Risk: Neptune Flood Insurance
Many consumers still significantly underestimate their flood risk, and nearly half have chosen to forego flood coverage because they believe it's unnecessary or too expensive, according to InsurTech ...
Goodbye to Workers Comp Profits in 2020 (Blame COVID-19)
The workers compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice ...
AXA XL Makes Americas, UK and Lloyd’s Exec Appointments in Ongoing Restructuring
AXA XL's plan to revamp the structure and focus of its Insurance unit continues with a number of new leadership promotions and new hires in the Americas and also the UK/Lloyd's market. AXA XL's new ...
1000-Plus Twitter Employees Reportedly Had Access to Hack-Worthy Tools
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees ...
Remote Workforce Likely Here to Stay: Accenture
The insurance industry made a smooth transition to a largely remote workforce when the COVID-19 pandemic began, with most companies reporting either no change or even an increase in employee ...
Tesla CEO Musk Seeks Actuaries to Help Build New Insurer
Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one CEO Elon Musk says will be "revolutionary." And he's inviting actuaries to join ...