The shareholders of French reinsurer SCOR rejected a request by activist fund CIAM to oust chief executive Denis Kessler from the board of SCOR, although Kessler’s pay deal was only approved by a slim majority. About 54 percent of shareholders …
California utility Pacific Gas & Electric Corp. is asking state regulators for another increase in rates and profits, saying it’s needed for wildfire safety and to attract investment as the utility goes through bankruptcy. The Sacramento Bee reported that the …
Phoenix, Ariz. officials failed to advance an effort that aimed to reduce pedestrian deaths by improving street safety in the city. The Phoenix City Council voted 4-4 this week on the motion to direct city staff to develop a strategy …
Personal lines insurers have only one option when it comes to growing their business: they must steal market share from competitors. That’s because each year brings very few new customers. Only about two to three percent of personal lines customer …
The state of Vermont says it will be working with the Federal Emergency Management Agency to verify damage caused by last week’s flooding. Representatives of Vermont Emergency Management and the Vermont Agency of Transportation are expected to meet with FEMA …
A small fire has been extinguished at a Pennsylvania church that was severely damaged earlier this week by another blaze that authorities say was deliberately set. The latest fire at Iglesia Pentecostal de Bethlehem was reported around 2 a.m. Thursday …
An eyewear website operator who has already served over five years in prison for threatening customers across the country with rape and murder was sentenced to an additional two years in prison Wednesday for resuming the same fraudulent online scam, …
Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group, announced the appointment of Newton Queiroz as CEO, effective May 1, 2019. Queiroz will report to Jorge Cazar, head of Latin America at …
Brit Ltd., the London-based specialty insurer and reinsurer, announced it has increased the flexibility and limits of Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber attacks. Launched …
French reinsurer SCOR, whose CEO faces a vote on his demotion during a shareholders meeting on Friday, said its net profit in the first quarter fell 21 percent as a result of the impact of 2018 typhoons in Japan. SCOR …
