Allstate Corp. intends to use a pool of recently laid-off tech workers to help the insurer revamp its operations.
Author: Annie George
Arthur J. Gallagher & Co. Acquires Remco Insurance Agencies, Inc.
Arthur J. Gallagher & Co. today announced that its subsidiary, Risk Placement Services, Inc. (RPS), has acquired Austin, Texas-based Remco Insurance Agencies, Inc.
A Class-Action Wave Is Coming for ESG Claims
As corporate disclosure requirements tighten around the world, lawyers are bracing for an increase in ESG-related cases.
Study: Social Inflation Accounts for $2.4 to $3.5 Billion of All Medical Malpractice Losses
Social inflation accounted for between $2.4 and $3.5 billion, or 8 to 11 percent, of all medical malpractice losses incurred by physician-focused insurers in the decade ending in 2021.
Travelers’ Net Income Drops 39% in 4Q
The Travelers Companies Inc. reported a 39% year-on-year decrease in net income to $819 million in the fourth quarter of 2022.
Brown & Brown 4Q Revenue Climbs Amid Higher Fees, Commissions
Brown & Brown Inc. on Monday said fourth-quarter revenue rose more than 22% on an increase in commissions and fees.
Bloomberg Finance Fined $5M by SEC for Disclosure Violations on Fixed-Income Prices
Bloomberg Finance LP was fined $5 million by the SEC to settle civil charges that the company misled customers about how it calculated the prices of certain securities.
Justice Dept. Ready to Sue Google Over Digital Ad Market Dominance
The Biden administration is preparing to sue Google over alleged antitrust violations in the digital advertising market.
Groundbreaking Insurtech Company FloodFlash Officially Launches in U.S.
FloodFlash is aiming to augment the flood insurance market in the U.S. by using its parametric technology to make flood insurance available to businesses that can’t get coverage anywhere else.
Agribusiness Taking Big Hits with Rising Insurance Costs
Elevators and other companies that purchase commercial agriculture facility insurance are “feeling a lot of pain” due to sudden, unexpected increases in insurance costs.