Insurer XL Group’s shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately USD $15.3 billion, to be fully paid in cash. Under the terms of …
Wal-Mart Stores Inc. on Wednesday settled a lawsuit by a transgender former employee in North Carolina who accused the retail giant of unlawfully firing her for complaining about harassment. Arkansas-based Wal-Mart and the plaintiff, Charlene Bost, did not disclose the …
Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has plans to …
Every morning, 92-year-old Sidney Kramer wraps a blood pressure cuff around his arm and steps on a scale, and readings of his heart health beam to a team of nurses — and to his daughter’s smartphone — miles from his …
While consumers understand insurance as protection against financial loss, the industry’s contribution to the economy goes much further. A white paper from the industry’s Insurance Information Institute (I.I.I.) argues that insurance also serves a wide variety of roles that preserve …
Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already is likely compromised. Hourihan is head of the …
MDP Programs and National Trust Insurance Services, LLC, divisions of Maury, Donnelly & Parr, Inc., have formed a new strategic relationship with Great American Insurance Group’s Property & Inland Marine division. This relationship combines NTIS/MDP’s Historic Property Program, which provides …
Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven as in March it began selling in Illinois, Georgia, Tennessee …
Weinstein Co. must return to New York court to face a lawsuit by women who say the firm is responsible for alleged sexual misconduct by founder Harvey Weinstein, a federal judge ruled. The bankrupt film company is no longer shielded …
Global airlines, coming off a record-low accident rate in 2017, need to guard against complacency over safety as heavy growth in travel demand stretches the air transport system, industry leaders warned at a conference this week. There were no jet …
