AIG to Spin Off Life & Retirement Business
The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth
MetLife to Buy Versant Health
The deal would make it the third-largest vision insurer in the country.
Discount Legend Century 21 Files for Chapter 11
The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
Business Interruption: Insurers Balk at Paying Claims
Business interruption insurance has offered little protection from the large losses caused by COVID-19 government shutdowns.
Control Climate Risk Even If the Climate Is Beyond Control
Although the climate seems monolithic, climate risk is local and absolutely manageable.
MetLife Earnings Tumble 43% to $758M in Q2
The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
AmTrust, Ex-CFO Fined for Improper Disclosure
The SEC says former finance chief Ronald Pipoly failed to properly disclose the company’s process for reporting management’s best estimate of loss reserves.
SelectQuote Files for IPO
The online insurance broker is looking to raise $342 million that could value the company at more than $3 billion.
Chinese Province Offers Coronavirus Coverage
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
Prudential to Buy Insurance Tech Startup for $2.35B
The insurance giant said Assurance IQ will help it target difficult-to-reach markets.
In Blockchain They Trust
The technology’s transparency and immutability allow competitors to share data and industries to build credibility with consumers.