U.S.

A Four-Day Work Week Might Motivate Staff, Lead to Higher Productivity

Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more ...

J&J Reportedly Moves to Settle Talc Case in Rethink of Legal Strategy

Johnson & Johnson may be sending a peace signal after two years of warring over allegations that its iconic baby powder causes cancer. In what appears to be a first-of-its-kind settlement while ...

RenRe, Dutch Pension Fund Manager Launch New U.S.-Focused Reinsurer

RenaissanceRe Holdings Ltd. teamed with Dutch pension fund manager PGGM to launch Vermeer Reinsurance Lt., a reinsurer designed to provide capacity focused on risk remote layers in the U.S. property ...

Marriott Data Breach Could Cost at Least $200 Million: AIR Worldwide

Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott ...

At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re

Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...

Executives On The Move at Alliant and Insurance Information Institute

Alliant hired a Willis Towers Watson veteran as Senior Vice President. The Insurance Information Institute hired a new Vice President and Senior Economist, who will handle areas including research, ...

U.S. Drivers Sue Hyundai, Kia, Alleging Engine Defect Caused Fires

Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain engines to catch fire, adding pressure on the South Korean automakers being probed by ...

The Latest Launches From Zurich Insurance and JLT Re North America

Zurich Insurance is launching a new app designed to help give distributors its general risk appetite across multiple industries. JLT Re North America is partnering with personal auto InsurTech Pact ...

American Family Invests in TicketGuardian, Provider of Specialty Insurance for Events, Ticket Holders

American Family Insurance co-led the $8 million Series A financing round for TicketGuardian, an InsurTech startup that helps insure concert and event organizers, as well as customers who buy tickets ...

U.S. P/C Insurers’ Interest in Hedge Fund Investments May Be Waning: Fitch

U.S. property/casualty insurer interest in hedge fund investments may be waning, according to a new Fitch report. Fitch said that the industry's investment position in other alternative investments ...