UnitedHealth Group Inc raised its profit forecast for 2022 modestly on Thursday, saying demand for healthcare procedures postponed during the pandemic was approaching normal levels but had not increased as expected. In early trading, shares of the largest U.S. health insurer rose as much as 3% to a record high of $553.29 before falling back… Continue reading UnitedHealth Says Deferred Care Demand Not as High as Feared
Author: Farkas Laura
Boy Scouts Wrap Up Month-Long Trial Over $2.7B Sex Abuse Deal
The Boy Scouts of America completed a month-long court hearing on Thursday regarding its proposed reorganization plan and a $2.7 billion settlement with thousands of men who claim troop leaders sexually abused them as children. At the conclusion of the trial, U.S. Bankruptcy Judge Laurie Selber Silverstein stated that she would rule on the plan… Continue reading Boy Scouts Wrap Up Month-Long Trial Over $2.7B Sex Abuse Deal
Amazon CEO to Focus on Workers’ Safety Amid Criticism
Amazon President and CEO Andy Jassy has stated that the e-commerce behemoth wants to improve worker safety at its warehouses and fulfillment centers, as the company faces intense scrutiny over employee working conditions. In his first shareholder letter as CEO of Amazon, Jassy, who succeeded founder Jeff Bezos last year, stated that the company is… Continue reading Amazon CEO to Focus on Workers’ Safety Amid Criticism
Infowars Files for Bankruptcy Over Sandy Hook Lawsuits
Alex Jones’ Infowars and other media assets filed for bankruptcy after he was found liable for falsely claiming the Sandy Hook school shooting was a hoax. Mr. Jones has handed over control of his far-right website and media company to outside administrators, who have filed for chapter 11 bankruptcy protection for it and other business… Continue reading Infowars Files for Bankruptcy Over Sandy Hook Lawsuits
During Negotiations Alleghany Asked Buffett for More, Considered Breakup of Business Units
During the negotiations, Alleghany Corporation attempted to counter Warren Buffett’s acquisition offer by requesting a price higher than the initial $850 per share. According to a proxy filing with the SEC, Alleghany investigated the potential breakup of its business units in order to determine whether a potential sale or spin-out of one or more of… Continue reading During Negotiations Alleghany Asked Buffett for More, Considered Breakup of Business Units
PCS Says Ukraine Insured Losses Could Rise Above $20B
According to analysis from PCS, a Verisk company, the ultimate insurance and reinsurance industry loss from the ongoing conflict in Ukraine could exceed $20 billion. This provides some data the ILS market may find useful in understanding what, if any, exposure its structures may hold. With the conflict still ongoing and war raging in the… Continue reading PCS Says Ukraine Insured Losses Could Rise Above $20B
Eric J. Andersen, President, Aon, Honored with 2022 IICF Golden Horizon Award
The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, granted nearly $410,000 at its seventh annual IICF Western Division Horizon Award Gala at The Majestic Downtown in Los Angeles on Thursday. The event gathered insurance leaders from the Western states, along with representatives of nonprofit partners, in… Continue reading Eric J. Andersen, President, Aon, Honored with 2022 IICF Golden Horizon Award
Happy Easter, Happy Passover
All of us at ProgramBusiness.com and Neilson Marketing Services would like to wish those celebrating Easter and Passover a happy holiday. We will be closed on Friday, April 14, and we’ll return on Monday with the Daily NewsFlash. Enjoy the festivities.
Advisen Panel Says No ‘Going Backward’ on Hard-Fought Casualty Pricing Levels
According to experts speaking at Advisen’s Casualty Insights Conference in New York, the casualty insurance hard market isn’t over, as underwriters fight to maintain the pricing ground they gained over the last two years and avoid repeating past mistakes. “With record earnings for insurers coming in, is the hard market over?” That was the question… Continue reading Advisen Panel Says No ‘Going Backward’ on Hard-Fought Casualty Pricing Levels
FMCSA Data Shows Trucker Complaints at Record Levels Amid Driver Shortage
Truckers in the United States are on track to file a record number of coercion complaints this year, as supply-chain issues cause historic delays and price increases. According to data from the Federal Motor Carriers Safety Administration (FMCSA) as of Friday, truckers have filed nearly 500 coercion complaints against employers and shippers since the beginning… Continue reading FMCSA Data Shows Trucker Complaints at Record Levels Amid Driver Shortage