August 3, 2018
Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …
August 3, 2018
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …
August 3, 2018
Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its U.K. closed-book business. Swiss Re’s net income fell to $1 billion …
August 3, 2018
QBE North America has expanded its operating agreement with Jorgensen & Co., a specialist professional liability managing general underwriter, to offer errors and omissions insurance on an admitted basis to small, independent registered investment advisory firms, or RIAs, and registered …
August 3, 2018
No one was hurt when several cars on a freight train derailed in South Carolina. York County Emergency Management Director Chuck Haynes told news outlets that a Norfolk Southern train had several cars derail around 7 a.m. Wednesday east of …
August 3, 2018
A Mississippi poultry supplier will pay $3.75 million to Hispanic workers, ending an eight-year legal fight. The Clarion Ledger reports Koch Foods of Mississippi LLC agreed to settle a lawsuit filed by 11 workers at its Morton plant, as well …
August 3, 2018
Alliant Insurance Services has added Georgia benefits veteran Josh Segars to its team in the Southeast. As senior vice president within the company’s Employee Benefits Group, Segars will design and deploy customized employee benefits programs for Alliant’s growing regional client …
August 2, 2018
California’s Carr wildfire has the potential to yield losses of up to $1.5 billion, according to a Moody’s report issued on Thursday. The fire has ravaged parts of Shasta County in or near Redding in the Northern part of the …
August 2, 2018
California Insurance Commissioner Dave Jones on Thursday announced he has approved three more insurance carriers to offer coverage for the cannabis industry in the state. The North River Insurance Co. and United States Fire Insurance Co. will begin offering coverage …
August 2, 2018
A federal judge in the U.S. District Court for District of Kansas ruled on July 27 that UPS Freight violated federal law by having a policy, contained in its current union contract with the International Brotherhood of Teamsters, of paying …