A Massachusetts man has been sentenced to prison for a fraud scheme to evade payroll taxes and workers’ compensation requirements in the construction industry. U.S. District Judge Marcia Morales Howard has sentenced Dennis Alexander Barahona of Chelsea, Massachusetts, to 18 …
The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The approval is conditional on full compliance with a set …
FM Global Appoints Roberts as President, Succeeding Lawson Global commercial property insurer FM Global announced that Executive Vice President Malcolm C. Roberts has been appointed president and elected to the company’s board of directors, effective Aug. 1, 2021. He will …
There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, It was the highest recorded total for the first half of the year. …
President Joe Biden will sign a sweeping executive order designed to promote competition across American industries, calling on regulators to increase scrutiny of technology companies, drug prices, shipping and more. The president’s action will prompt the federal government to set …
Insurance companies focused on the customer experience may want to reconsider how they are delivering claims payments. Data from a digital payments software vendor suggest policyholders would like a choice other than having the payments sent by check in the …
President Joe Biden plans to sign an executive order that will reduce the ability of employers to prevent workers from going to rival firms and remove some of the state occupational licensing requirements that make it harder to land a …
Last year, companies around the U.S. scrambled to figure out how to shut down their offices and set up their employees for remote work as the COVID-19 virus suddenly bore down on the world. Now, in a mirror image, they …
Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will no longer invest in companies …
Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for failing to make sure language in millions of home insurance policies was clear. The FCA said the insurance division sent …
