No Coverage Owed for Shooting Due to Criminal Act Exclusion July 1, 2020 By Jim Sams An insurer is not liable for injuries caused by a policyholder who shot a 15-year-old boy in the head because...
The Hartford Names Stepnowski Chief Investment Officer as Johnson Retires July 1, 2020 The Hartford has appointed Amy Stepnowski to the positions of chief investment officer of The Hartford and president of Hartford...
Insurance Startup Lemonade Increases Target Price Range for IPO July 1, 2020 SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking...
Boeing Withheld Facts on Flight-Control System Blamed for 2 Fatal Crashes: Probe July 1, 2020 By Alan Levin and Julie Johnsson Boeing Co. provided only “limited information” on the flight-control software later implicated in two fatal crashes on the 737 Max...
Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement July 1, 2020 By Dana Hull Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time July 1, 2020 By Andrew G. Simpson Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not...
Aon Reverses Salary Cuts Implemented in May for Most Employees June 30, 2020 By L.S. Howard Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best June 30, 2020 The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years...
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients June 30, 2020 American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage...
FCCI Insurance Names Welch President/CEO, Replacing Johnson Who Was Fired June 30, 2020 FCCI Insurance Group’s board of directors has named Christina “Cina” Welch as president and CEO, replacing Craig Johnson who was...