American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG will pay AIG $240 million in cash …
A Barclays banker, one of three men of Cameroonian background to sue the bank in a joint London claim, alleges he has felt pigeonholed as an “aggressive Black man” in a lawsuit seeking almost 15 million pounds ($19 million) in …
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples. …
ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …
The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year. Announcing its new fraud …
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. Aon’s Quarterly D&O …
In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …
DIVERNON, Ill. (AP) – A windstorm in central Illinois kicked up dangerous clouds of blinding dust off farm fields Monday, causing numerous crashes that killed at least six people on Interstate 55, police said. The late morning crashes involved 40 …
Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a new market segment report released by AM Best. …
OMAHA, Neb. (AP) – The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws has continued to lose contracts with the major meat producers since the …
