Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in auto lines. J.D. Power’s newest study on claims satisfaction reveals the frustration has trickled to consumers. The J.D. Power 2022 …
Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance in the pension, life and non-life insurance sectors. Aegon agreed to a conditional deal for a total consideration of €4.9 …
Credit Suisse Group AG has made a 178 million Swiss francs ($180 million) provision for major litigation costs in the third quarter to help account for a long list of lawsuits and investigations that it’s trying to draw a line …
This edition of International People Moves details appointments at Argenta Syndicate Management Ltd. (ASML), Fusion and BMS Group. A summary of these new hires follows here. Argenta Appoints AXIS Re’s Haynes as Marine Excess of Loss U/W Argenta Syndicate Management …
Emergency transport companies Global Medical Response, Inc. (“GMR”), American Medical Response, Inc. (“AMR”), and AMR’s subsidiaries located in Greenwood Village, Colorado, violated federal law by discriminating and retaliating against a nationwide class of applicants and employee first responders with sincerely-held …
Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums increase an average of 6%, down from 9% in Q2, according to Marsh’s Global Insurance Market Index. The biggest increases …
SEATTLE (AP) – A mechanical issue may have caused the seaplane crash that killed 10 people off an island in Washington state last month, U.S. investigators said Monday. The National Transportation Safety Board, the agency investigating the Sept. 4 crash …
One of South Africa’s richest suburbs may be the target of a terrorist attack this weekend, according to an alert posted on the website of the US Embassy. “The US government has received information that terrorists may be planning to …
LOS ANGELES (AP) – A jury ordered Southern California’s Santa Monica-Malibu Unified School District to pay $45 million to the family of autistic twins who were physically abused and restrained by an aide at their elementary school. The lawsuit filed …
SAN FRANCISCO (AP) – A magnitude 5.1 earthquake rattled the San Francisco Bay Area on Tuesday, causing delays of some commuter trains. There were no immediate reports of damage or injuries. The U.S. Geological Survey said the 11:42 a.m. quake …
