U.S.
Allianz Q2 Net Profit Dropped Nearly 30 Percent, Shaped by Coronavirus Uncertainty
German insurer Allianz on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic ...
AIG President Zaffino: COVID-19 Creating ‘Flight to Quality’
AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. "We believe ...
Buckle Raises $31M; Seller of Digital Rideshare Insurance Is Going National
Buckle disclosed it has raised $31 million in new venture financing, and the digital seller of rideshare insurance will use the money to expand operations nationally. HSCM Bermuda and Eos Venture ...
Acuity CEO, Others Explain How Pandemic May Forever Alter ‘Work-Life Balance’
When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the ...
Mortgage Default Risk Set to Rise With Hurricane Risk
The 2020 Atlantic hurricane season is forecast to be among the worst. And that has Maryland Smith's Clifford Rossi taking a close look at the potential financial risks. Rossi, professor of the ...
Facing Billions in Damages, VW Asks Court to Reconsider Ruling
Volkswagen AG's wholly owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel ...
COVID BI Coverage Suits Top 700; Yep, That’s A Lot
When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last week, the natural question to ask was: Is that a lot? That's ...
The Hartford Produces Q2 Profit; Announces Job Cut, IT Investment Plans
The Hartford survived second quarter COVID-19 related challenges by producing an overall profit, though the property/casualty insurer announced plans to reduce expenses through job cuts and other ...