U.S.
GEICO Must Pay $2.7M to Settle Claim After Rejecting $30,000 Payout
GEICO Indemnity Co.'s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling Monday by the Georgia Supreme Court. The high court's 7-0 decision ...
NYC Sues Three Major Oil Companies Over Climate Change Claims
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as "cleaner" and ...Slice Labs CEO Attia Adapts After a Challenging COVID Year
About a year ago, two months into the COVID-19 pandemic, Slice Labs laid off about a third of its staff due to the coronavirus-related economic environment. Like many other startups, the company ...
Business Travelers Eager to Fly Again, With Focus on Extra Precautions: Chubb Survey
Business travelers are itching to travel again for work and life, but most remain concerned at the same time about contracting COVID-19 and favor extra precautions, according to a new global survey ...
Top D&O Risks Include Cyber Attacks and Data Loss: WTW Survey
Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from ...
Insurity Completes Acquisition of Cloud Software Maker Instec
Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty ...
Unemployment Scam May Be Part of GEICO Data Breach
Auto insurer GEICO recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment ...
Reinsurers Still Made Money in 2020 Despite Catastrophe and Investment Losses: Aon
Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well as compromised investment returns, a group of reinsurers studied by Aon reported positive ...