Credit rating downgrades in the U.S. property/casualty (P/C) insurance segment more than doubled year over year in 2018, reversing a trend of annual declines since 2014, according to a new A.M. Best report. The report says the increase was due …
Allianz Global Corporate & Specialty AGCS) announced that Baptiste Ossena, global product leader of Hull and Marine Liabilities (HML), is assuming additional responsibility as the North American regional head of HML. Relocating to New York from Paris, Ossena will work …
Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said Tuesday. …
Companies with more than 100 employees will have to report to the U.S. government data about how much workers are paid broken down by sex, race and ethnicity, possibly as soon as this spring, according to a new court ruling. …
Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up. The company said on Tuesday that it was in the early stages of …
The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a blaze …
The U.S. Food and Drug Administration called on Congress to modernize rules for cosmetics safety on Tuesday after it issued an alert warning consumers not to use three cosmetics products sold by Claire’s Stores Inc. because they tested positive for …
New York’s insurance regulator issued a subpoena to the Trump Organization’s primary insurance broker, a person familiar with the matter said. It came just days after President Donald Trump’s former personal attorney testified to Congress that the president’s company sometimes …
Aon Plc is considering a combination with rival insurance brokerage Willis Towers Watson Plc, in what could be the industry’s largest ever merger. Aon is in the early stages of exploring an all-share tie-up with Willis Towers, it said in …
Pie Insurance, an insurtech selling workers’ compensation coverage online to small businesses, has completed a $45 million Series B funding round. Participating investors included SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund. To date, Pie has raised …
