China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector. …
Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make up 90% …
The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding’s shareholders, …
More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive Insurance announced it is providing approximately $1 billion to its drivers …
Zoom Video Communications Inc. was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Shareholder Michael …
The Liberty Company Insurance Brokers has added Jacob Kiley to its San Jose, Calif., office. Kiley specializes in contractor, hospitality, technology and non-profit accounts. Kiley has been with One Risk Group LLC for the past seven years. The Liberty Company …
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ comp experience. …
A south Georgia pharmacy that gave out 350,000 illegal prescriptions from a doctor running a pill mill agreed to pay over $2 million in fines, authorities said. Chip’s Discount Drugs and pharmacist, Rogers “Chip” Wood, Jr., settled on a federal …
Nine people have now died in a coronavirus outbreak at a Tennessee nursing home that saw more than 100 people test positive. Sumner Regional Medical Center spokesman Kyle Brogdon on Tuesday confirmed the new total of fatalities from the Gallatin …
Acceptance Insurance has committed to helping its employees and customers during the COVID-19 pandemic through continued pay, home goods donations and safe working conditions, according to a statement from the company. Acceptance Insurance is staffing field offices in order to …
