Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain consistent with investment-grade ratings and are expected to be …
Takata Corp., the auto-parts supplier that went bankrupt after its air bags spurred the largest-ever recall, told U.S. safety regulators that another 1.4 million U.S. vehicles need to be repaired over a potentially deadly defect. Inflator devices Takata supplied to …
Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism created to help settle thousands of lawsuits. Overall, …
Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of China’s biggest insurer by market value, Ping An Insurance …
A complaint filed Tuesday accused Google of terminating staff in retaliation for activism about working conditions, the latest in a series of such allegations against the internet giant. The filing, which involves Google Ads staff, was filed with the National …
RLI Transportation, a division of RLI Insurance Co., is now offerings digital accident kits for customers to report accidents. In addition to traditional accident kits, RLI Transportation insured drivers can now report an accident with any internet-compatible device. Customers can …
Hospital groups have challenged the Trump administration’s rule that requires hospitals to be more transparent about prices they charge patients for healthcare services, according to a lawsuit filed on Wednesday. The plaintiffs, including the nonprofit American Hospital Association (AHA), are …
Johnson & Johnson said on Tuesday that recent tests showed that Johnson’s Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the material in the product earlier this year. A total of …
Fighting climate change will cost companies worldwide nearly $2.5 trillion over the next 10 years, according to an estimate by Allianz SE. The German insurer analyzed the most important measures currently enacted or under discussion to rein in global warming …
Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance application and renewal process to its 13,000 agency and brokerage customers and …
