The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. The insurer reported lower catastrophe losses and higher net investment income, partially …
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc. as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter …
Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and …
Sage Program Underwriters has launched a new national workers’ compensation program for the shooting sports industry. The exclusive program targets all aspects of the industry including: Indoor & outdoor ranges Trap & skeet Sporting clays & five stand Ranges with …
Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ Banham spoke with ratings agencies, thought …
Heather Eilers-Bowser recently joined the Independent Insurance Agents & Brokers of America ( Big “I”) Capitol Hill team as federal government affairs counsel. Her role will include federal legislative and regulatory policy analysis and working with members of Congress and …
American International Group has named Karen L. Ling as executive vice president, chief human resources officer. Ling will lead AIG’s global human resources department and be responsible for aligning AIG’s talent strategy with the company’s long-term strategic, operational and financial …
Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for a data breach draws to a …
Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action. …
Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) claims. By contrast, privacy-related …
