Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell to $571 million in the second …
Democrats who control the Minnesota House announced a $300 million economic aid proposal June 15 for businesses that were damaged or destroyed during the civil unrest over the death of George Floyd. The legislation is aimed at commercial corridors in …
Lyft Inc. has agreed to settle allegations that it violated federal law when some of its drivers refused to give rides to people using folding walkers or collapsible wheelchairs in the Los Angeles area, the U.S. attorney’s office announced. The …
Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of all sizes in the United Kingdom and …
Mitchell|Genex has finalized its acquisition of Coventry Workers’ Comp Services in Downers Grove, Ill., from CVS Health. Terms of the deal were not disclosed. Coventry Workers’ Comp Services is a provider of care and cost management programs for workers’ comp …
Arkansas Gov. Asa Hutchinson had granted businesses protections from coronavirus lawsuits, while the state’s epidemiologist said she’s concerned loosened restrictions may have caused some to lower their guard against the virus. Hutchinson signed executive orders that grants similar immunity to …
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 emissions that might cost the German automaker billions of …
Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds Edouard (Edi) Schmid, who has decided to …
ABD Insurance and Financial Services has named Deirdre Finn as senior vice president of the company’s Executive Risk Solutions (ERS) National Practice. Finn will be based out of ABD’s NYC offices. In this role, Finn will oversee the company’s management …
Despite a veto from the governor, the Louisiana House has plowed ahead with a top priority for business lobbying groups, trying to lessen the money that people could win against insurance companies and businesses in car wreck lawsuits. Democratic Gov. …