U.S.
Another Business Interruption: Mass California Power Outages Return
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks ...
Aon Acquires CoverWallet, Coveting the Growing Small Biz Digital Insurance Marketplace
Aon said it has agreed to acquire InsurTech startup CoverWallet in a bid to boost its presence in the growing digital insurance market for small and medium-sized business customers. Neither side ...
Executives On The Move at Next Insurance and CFC
InsurTech startup Next Insurance made two major executive appointments, turning to technology company veterans to fill both slots. A former American International Group executive is joining ...
Claims Handling Errors Are Often the Source of Insurer Market Conduct Troubles
Mistakes by claims professionals were the most common reason for enforcement actions taken against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top ten list ...
Suit Alleges Boeing Board Liability for 737 MAX Problems
A shareholder lawsuit filed on Monday accused Boeing Co's board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months. ...
Insurers, Others Pressure Global Energy Watchdog Over Climate Change Fight
Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday from investors and scientists concerned about climate change to overhaul the agency's projections for ...
AIG Hires Willis Towers Watson Executive for General Insurance Leadership Role
A former Willis Towers Watson executive is signing on with American International Group to take a leadership role in its General Insurance Unit. Allison Barrett begins at AIG on Dec. 9 as global head ...
Hamilton Insurance Places Acappella Syndicate Into Runoff
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd's syndicate included in Hamilton's acquisition in August of ...