News
SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis
French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30 percent less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In ...
German Court Clears The Way For VW Diesel Emission Case Settlements
A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing—but consumers must accept the current value of the ...
Underwriting Profits Up 21 Percent for Q1 2020: AM Best Analysis
Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were ...
Join the Coronavirus Survey for the Entire Property/Casualty Insurance Industry
How is the coronavirus pandemic affecting you, your life, your work and your industry—now and going forward? No matter where you work in the P/C insurance industry, your experience is important. ...
Robinson Is New HIIG CEO, Replacing Way
Houston International Insurance Group Ltd. announced Tuesday that the HIIG board of directors appointed Andrew Robinson as chief executive officer, effective immediately. Robinson is filling the spot ...
Bayer Progresses Towards Roundup Settlement
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on ...
McDonald’s Workers Use Public Nuisance Legal Strategy in Class Action
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against ...
Vehicle Thefts Soaring During COVID Lockdowns
The coronavirus hasn't been kind to car owners. With more people than ever staying home to lessen the spread of COVID-19, their sedans, pickup trucks and SUVs are parked unattended on the streets, ...