U.S.
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 ...
Pandemic Pressures Push More Business Classes to Use Captive Insurers
Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. These ...
PartnerRe Beefs Up Third-Party Capital Prominence, Hires Hughes to Lead Effort
A Hiscox veteran plans to join PartnerRe as the first-ever CEO of Third-Party Capital, and the unit will become a key component of the reinsurer's overall business strategy, the company said. Andrew ...
Auto Insurance Claims Satisfaction Soars as Pandemic Reduces Accident Frequency: J.D. Power
Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience and deliver higher higher quality claims service. According ...
W.R. Berkley Q3: Strong Rate Hikes, Lower Net Income, Solid Combined Ratio
W.R. Berkley Corp.'s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more COVID-19 losses, a result the company credits to rate hikes and underwriting ...
Tesla’s Release of New ‘Self-Driving’ Software Draws Close Attention From U.S. Regulator
The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc's release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the ...
Few COVID-19 Cases Result in Permanent Disability: NCCI
If COVID-19 behaves like other workers' compensation lung and disease claims, about two out of 100 cases may result in some degree of permanent partial disability and one out of 2,000 may result in ...