Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘ June 2, 2021 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong),...
Amazon to Overhaul Warehouse Worker Metric Cited in Injuries June 2, 2021 By Matt Day Amazon.com Inc. is overhauling a controversial worker-productivity yardstick that has drawn the ire of warehouse employees who say it imposes...
Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand June 2, 2021 Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states....
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism June 2, 2021 By L.S. Howard Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off...
Russia-Linked Hacking Group Is Behind JBS Cyber Attack: Sources June 2, 2021 By Jennifer Jacobs, Kartikay Mehrotra and William Turton A notorious Russia-linked hacking group is behind the cyber attack against JBS SA, according to four people familiar with the...
Banco do Brasil’s Insurance Unit BB Seguridade to Get New CEO: Report June 2, 2021 SAO PAULO – New management at Brazil’s state-controlled Banco do Brasil SA plans to replace the chief executive of insurance...
Arthur J. Gallagher Acquires LDJ American Online Benefits Group in Texas June 2, 2021 Arthur J. Gallagher & Co. has acquired Addison, Texas-based LDJ American Online Benefits Group LLC (AOBG). Terms of the transaction...
People Moves: Upland Capital Adds Jones; Texas DWC Promotes Craddock ; GeoVera’s Garfield Joins HOAIC June 2, 2021 Upland Capital Group Dallas-based Upland Capital Group, the excess and surplus (E&S) casualty, property, and specialty insurance provider that launched...
Mississippi Town Looks to Insurance After Fire Ravages Historic Train Depot, Museum June 2, 2021 McCOMB, Miss. — A massive fire wrecked a Mississippi city’s train depot and museum, a beloved restored landmark that dates...
Alabama Supreme Court Tosses County Claims Against Abbott Over Opioid Crisis June 2, 2021 MONTGOMERY, Ala. — The Alabama Supreme Court sided with Abbott Laboratories on Friday and threw out a lawsuit filed by...