Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that has stunned tax experts. The new …
Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the sector’s size, for many trucking firms, it’s a rough …
Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance company. The newly minted state budget includes language establishing …
Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode aired on Sunday highlighted the extensive damage wreaked on the island by Hurricane Maria. Andrew Gadlin, a research analyst at …
The Brethren Mutual Insurance Company has hired Bob Glass as its new director of underwriting. Glass brings more than 30 years of insurance experience in property and casualty underwriting, marketing and product development with Aetna Casualty & Surety Company, Travelers …
The Professional Insurance Agents of Connecticut has named Jonathan T. Black of Fairfield, Conn., its PIA National Director. PIACT is a trade association representing professional, independent insurance agencies and their employees throughout the state. Black owns Curtis-Black Insurance Associates LLC …
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) announced that Scott Spaven, who is currently head of Client & Broker Engagement for Singapore and Southeast Asia, is taking on the additional role of head of Liabilities and Financial Lines for …
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk Transfer (ART) business has teamed up with EY (Ernst & Young) as blockchain …
Zurich North America has appointed David Putz to lead Alternative Markets, effective January 1, 2018. Putz will assume the role currently held by Kathleen Savio, who will become Zurich North America CEO at that same time. Putz, currently head of …
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. “I don’t think the solution to the cybersecurity problem rests in regulation,” Arthur Lindo, senior associate director of the …
