Former top executives at IBM insulted older employees — calling them “dinobabies” and “a dated maternal workforce” — while coveting younger ones in internal communications over the past decade, according to a document unsealed by a federal judge late last week. The document is a statement of facts prepared by a Boston attorney representing laid-off… Continue reading ‘Disparaging’ E-mails on Older Workers by IBM’s Top Execs Presented in Federal Discrimination Case
Author: Farkas Laura
WTW Helps Marriott Create Leading Travel Insurance Program for Guests
WTW, a leading global advisory, broking and solutions company, has worked with Marriott to launch an innovative set of global travel insurance plans for Marriott guests. WTW Affinity has worked with Marriott and Allianz Global Assistance to develop solutions initially available to U.S. residents, enabling them to seamlessly insure their domestic and international travels when… Continue reading WTW Helps Marriott Create Leading Travel Insurance Program for Guests
Liberty Company Partners with R.W. Babcock Insurance Brokerage
The Liberty Insurance Brokers is proud to announce its most recent partnership with R.W Babcock Insurance Brokerage, Inc. of Pleasanton, California. Founded in 2013 and led by Rob Babcock, R.W. Babcock Insurance specializes in insurance, surety, and various services for the construction, technology, manufacturing, and life sciences industries. Recently, Rob told the Liberty team, “I’m… Continue reading Liberty Company Partners with R.W. Babcock Insurance Brokerage
Boost Insurance Powers First Crypto Wallet Insurance Product for Retail Investors
Boost Insurance, alongside go-to-market partner, Breach Insurance, an insurtech that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, the first insurance product for cryptocurrency available to retail wallet holders. Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian. Crypto… Continue reading Boost Insurance Powers First Crypto Wallet Insurance Product for Retail Investors
Sandy Hook Families Reach Settlement with Gun Maker Remington for $73 Million
The families of nine Sandy Hook Elementary School shooting victims announced Tuesday that they had reached a $73 million settlement in their lawsuit against the manufacturer of the rifle used to kill 20 first graders and six educators in 2012. The case was closely followed by gun control advocates, gun rights supporters, and manufacturers because… Continue reading Sandy Hook Families Reach Settlement with Gun Maker Remington for $73 Million
California State Regulators Unveil Wildfire Safety Plan
California State regulators rolled out a “Safer from Wildfire” program Monday to encourage rural residents and business owners to gird their properties as a way of fixing the insurance crisis that’s plagued the Sierra foothills and other fire-prone areas the past few years. The plan unveiled by Insurance Commissioner Ricardo Lara is designed to entice… Continue reading California State Regulators Unveil Wildfire Safety Plan
Triple-I, CAS Quantify Social Inflation’s Impact on Commercial Auto
The phenomenon known as “social inflation” accounted for $20 billion in commercial auto liability claims between 2010 and 2019, a new study by Triple-I and the Casualty Actuarial Society (CAS) finds. Social inflation isn’t a new term. Warren Buffett used it in the 1970s to describe “a broadening definition by society and juries of what… Continue reading Triple-I, CAS Quantify Social Inflation’s Impact on Commercial Auto
Judge to Toss Sarah Palin’s Defamation Allegations Against New York Times
A federal judge ruled that Sarah Palin’s claims that she was defamed by the New York Times were insufficient to prove her case, ruling that the former Republican vice-presidential candidate’s claims presented at trial were insufficient to prove her case. While jurors were still deliberating, U.S. District Judge Jed Rakoff announced his decision Monday. He… Continue reading Judge to Toss Sarah Palin’s Defamation Allegations Against New York Times
Global Insurance M&A Deals Up in 2021
According to global law firm Clyde & Co, there were 418 mergers and acquisitions (M&A) in the global insurance sector in 2021, up from 407 M&As in 2020. The figures were included in the company’s annual Insurance Growth Report. M&A activity was particularly strong in the second half of the year (H2), with Clyde &… Continue reading Global Insurance M&A Deals Up in 2021
P&C Insurers See $5.6B Net Underwriting Loss in Nine Months 2021
Private U.S. property/casualty insurers saw a $5.6 billion net underwriting loss in the first nine months of 2021, as non-catastrophe losses returned to pre-pandemic levels, according to a report by Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association (APCIA). Direct losses for personal auto liability increased 14.1% in nine… Continue reading P&C Insurers See $5.6B Net Underwriting Loss in Nine Months 2021