Global claims services firm Sedgwick announced today that funds managed by The Carlyle Group have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position …
Tech platforms and internet activists protested the outcome of a European Parliament vote Wednesday to back copyright rules that would help video, music and other rights holders seek compensation for use of their content online. Alphabet Inc.’s Google, Facebook Inc. …
A preliminary report from the National Transportation Safety Board finds no apparent reason for a fatal plane crash last month in Brighton, Vermont. The Caledonian Record reports that it’ll likely be months before a cause is determined and put in …
Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November. State-financed consumer protection organization vzbv said on Wednesday it would undertake “pioneering work” with …
The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe’s largest insurer. However, there was still a …
There will soon be a new specialty insurance site that promises to quicken and simplify transactions for U.S. insurance brokers who are serving small and medium sized businesses. Vindati, a New York-based managing general agency (MGA), will be offering brokers …
In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20 years, and Dan Britto, professional liability attorney with the law …
U.S. regulators have rejected Wells Fargo & Co.’s plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with …
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and …
One person has been reported killed and one remains missing after weekend flooding spawned by the remnants of last week’s Tropical Storm Gordon. Louisville, Kentucky, Metro Police spokeswoman Alicia Smiley tells the Courier Journal a taxi was submerged by flash …
