Aon plc and PayPal Holdings, Inc. today announced an initiative to help millions of PayPal’s small business customers in the U.S. access insurance simply and quickly. The unique digital insurance program will enable PayPal’s small business customers in the U.S. to shop for, purchase and manage insurance coverage through Aon’s CoverWallet solution on the PayPal… Continue reading Aon and Paypal to Expand Access to Insurance for Small Businesses
Author: Farkas Laura
Gallagher Reports 30% Growth in Revenue for Q1
Arthur J. Gallagher & Co. on Thursday reported its financial results for the quarter ended March 31, 2022. “We had a fantastic start to 2022!” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Our core brokerage and risk management segments combined to post 30% growth in revenue, including more than 10% organic revenue growth… Continue reading Gallagher Reports 30% Growth in Revenue for Q1
DOL Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of Americans, a senior administrator said. “We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street… Continue reading DOL Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
Shareholders at Investors’ Meeting to Nudge Berkshire for Better Governance, Social Policies
When Warren Buffett meets with shareholders this weekend, he will face pressure to improve Berkshire Hathaway Inc’s environmental and social policies, as well as governance, in what investors say is a foreshadowing of what may come after the 91-year-old billionaire is no longer in charge. Calpers, the largest public pension fund in the United States,… Continue reading Shareholders at Investors’ Meeting to Nudge Berkshire for Better Governance, Social Policies
Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal
A $6 billion deal is at stake as OxyContin maker Purdue Pharma LP and its wealthy owners clash with the U.S. Justice Department over the company’s opioid lawsuit settlement. The parties will argue in a New York courtroom on Friday over a plan to funnel billions of dollars to opioid crisis relief efforts while also… Continue reading Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal
Allianz Toughens Oil & Gas Policy to Help Meet Climate Goal
Allianz, Europe’s largest insurer, plans to take a tougher stance on insuring the oil and gas industry as part of efforts to align its underwriting policies with the global climate goal, the company announced on Friday. The move is the latest by a major insurer to reduce insurance to the energy sector, which is a… Continue reading Allianz Toughens Oil & Gas Policy to Help Meet Climate Goal
Chubb Survey Identifies Homeowners, Renters Risks Including Water Damage
A new Chubb survey explores the attitudes, behaviors, and purchasing decisions of U.S. and Canadian homeowners and renters on their current and future residences and has found that unintentional damage—especially water risk—continues to be an overlooked risk. According to the fifth annual survey, 44% of U.S. homeowners experienced water damage in their home in the… Continue reading Chubb Survey Identifies Homeowners, Renters Risks Including Water Damage
U.S. Joins 55 Nations to Set New Global Rules for the Internet
The United States and 55 other countries signed a political commitment on Thursday to push for internet rules based on democratic values, at a time when the U.S. has accused Russia of using internet disruptions as part of its escalating attacks on Ukraine. The “Declaration for the Future of the Internet,” the first of its… Continue reading U.S. Joins 55 Nations to Set New Global Rules for the Internet
Amazon Urged to Review Emergency Plans After Deadly Edwardsville Tornado
According to federal regulators who investigated a deadly tornado strike on a company warehouse in Edwardsville, Illinois, Amazon.com Inc. should better prepare workers for extreme weather events. The Occupational Safety and Health Administration launched an investigation after a storm ripped through the facility in December, killing six workers and injuring several others. Amazon stated at… Continue reading Amazon Urged to Review Emergency Plans After Deadly Edwardsville Tornado
California’s Malpractice Payouts Would Rise Under a Deal to Avoid a Costly Ballot Fight
Cash payments in California medical malpractice cases would increase for the first time in nearly five decades under a deal announced Wednesday by rival interest groups that avoids a costly battle at the ballot box in November. The overhaul of the long-standing Medical Injury Compensation Reform Act of 1975, known as MICRA, will be outlined… Continue reading California’s Malpractice Payouts Would Rise Under a Deal to Avoid a Costly Ballot Fight