The board of directors for Union Mutual Insurance Company voted at their December meeting to promote Jeff Pryce to the role of vice president of claims. The promotion is effective January 1, 2021. Pryce is based in the company’s Montpelier, …
AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord …
The leader of the U.S. workplace anti-discrimination agency is pursuing a policy shift that could slow litigation against companies long after President-Elect Joe Biden takes office. Janet Dhillon, the chair of the Equal Employment Opportunity Commission, has recently circulated a …
AmTrust International, the UK and International arm of New York-based insurer AmTrust Financial Services, Inc., announced two key senior underwriting appointments to its Specialty Team. Dean Kiernan joins the Professional Indemnity Team as a senior underwriter, while Donna Stroulger joins …
Hurricanes Eta and Iota in November topped off the 2020 Atlantic hurricane season when a record of 12 named storms made landfall in the United States. The two final hurricanes of the season had an economic cost of approximately $9 …
United Airlines is telling some flight attendants whose colleagues test positive for COVID-19 to keep flying and monitor for symptoms, three employees told Reuters, raising concerns among staff about the policy. “Most of us feel that’s unsafe,” said one of …
The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …
BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country’s final break with the 27-nation bloc on Dec. 31 but the next few days of negotiations …
Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial details of the deal were not disclosed. …
Mastercard Inc. faces the prospect of a 14 billion-pound ($18.6 billion) UK class action — the largest of its kind — after losing another battle at the country’s highest court over illegal swipe fees. The Supreme Court ruled in favor …
