The Hartford emerged from the second quarter’s COVID-19 related challenges with an overall profit and a plan to reduce expenses through “headcount reductions,” information technology investments and other moves. The insurer is calling its expense reduction move Hartford Next and …
Reinsurance broker Guy Carpenter & Co., a business of Marsh & McLennan Cos., has appointed three new members to its Executive Committee. The new members are: Neil Mayer has been appointed chief operating officer for Guy Carpenter. In this role, …
Amazon Inc. is pairing cameras with artificial intelligence to enforce social distancing among employees in its offices and warehouses. The system gives employees real time feedback on whether they are complying with the six feet social distancing rule. “Given social …
In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by Hurricane Harvey rather than …
“Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. KCC highlighted, …
A popular seafood restaurant chain that has been shuttered by the coronavirus and restrictions on dining has gone to court to get its insurer to pay for its business interruption losses. It believes its insurer is obligated in part because …
Digital insurer Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially positive products and programs globally. Dubbed The Lemonade Foundation, the organization launches with $20 million in seed funding by …
The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established production, distribution or sales methods. To succeed long-term, …
A Harvard University professor known as an expert in intellectual property is suing the New York Times for its publication of a “sensationalized, false and defamatory ‘clickbait’ Internet headline and lede” about him during the Jeffrey Epstein human trafficking scandal. …
The Hanover Insurance Group announced leadership appointments in its commercial lines business. Matthew S. Mitchell was appointed president of The Hanover’s middle market business. He has been with The Hanover for more than 13 years He was named chief strategy …