Legal and General plans 1,000 job cuts
London-based Legal and General Group plc plans to cut 1,000 jobs by mid-2027, starting with voluntary redundancies in the U.K., The Guardian reports, citing Bloomberg News. The cuts are part of Chief
Insurance News
World keeps buying as agency M&A slumps, adds Boston-area agency
The New Jersey broker makes purchase of 35-year-old Agency in a market where many rivals have pulled back
US Finalizes New Lower Fuel Economy Standards in Boost For Gas-Powered Vehicles
The Trump administration on Monday finalized new lower vehicle fuel economy standards, in the latest effort to make it easier for automakers to sell gas-powered vehicles and to reverse a push by the B
Serbia’s Dunav records 31% profit surge
Serbian firm Dunav Osiguranje ado’s first-half consolidated net profit surged 31% year on year to 3.9 billion Serbian dinars ($38 million), SeeNews reported. Insurance premium income grew 9% to RSD21.
Mercer, Lockton, WTW and Gallagher face voluntary benefits suits. Your book could be next
A wave of lawsuits over employee-paid coverage is testing what brokers do, not just what they're paid, from enrollment branding to carrier selection
Michigan Transportation Company Sued for Sexual Harassment
Davis Cartage Co., a transportation, warehousing and logistics company headquartered in Corunna, Michigan, violated federal law by allowing its president of logistics to sexually harass two female emp
Kentucky high court upholds comp benefits, rejecting alcohol defense
The Kentucky Supreme Court Thursday upheld a traffic flagger’s workers compensation award, finding that the state’s statutory intoxication defense does not encompass alcohol.
Ohio court revives widow’s comp appeal, requiring transfer
An Ohio appeals court Friday overturned the dismissal of a widow’s workers compensation appeal, finding that the trial court was required to transfer the case to the proper county.
Brokers favour in-house claims teams in fleet, DCL research finds
The in-house claims MGA's broker poll puts claim updates at the centre of fleet placement as repair costs keep climbing
Home market competition drives Asia-Pacific reinsurers abroad
Asia-Pacific reinsurers are pursuing overseas growth amid abundant capital and intensifying competition in their home markets, according to Chris Lim, director of analytics at A.M. Best, Insurance Asi
Risk engineering no longer a reactive function in construction: Medina
Belén Medina Vázquez, insurance manager at Spanish multinational transport infrastructure group Globalvia, says that risk engineering is no longer merely a reactive function focused only on loss preve
IUA backs Consumer Duty carve-out but warns fair value duplication will persist
Trade body also resists plans to scrap remuneration disclosure, warning it could encourage undisclosed commission
Wee to lead Sompo’s APAC construction market growth
Sompo Singapore has hired Joe Wee as head of construction underwriting APAC to help shape the insurer’s growth strategy in one of the most dynamic markets in the region. Wee joins from Zurich where he
Half of dissatisfied brokers won't return to the same insurer, Insurance DataLab finds
Three insurers drop out of the top tier in six months as general liability and construction satisfaction slides
Pen Underwriting widens renewables push with Allianz hire
Gallagher-owned MGA looks to build on its anaerobic digestion wording and move into new areas of renewable energy
Data centre owners urged to invest in local power and water resilience
Efforts to make properties and communities more resilient to natural catastrophes and climate-related risks are beginning to deliver measurable insurance benefits, but projects remain fragmented and r
Man City verdict puts former football directors' D&O cover to the test
An expected appeal keeps defence costs cover alive, but brokers placing sports D&O face harder questions at renewal
Zhibao Labuan Re targets growth in Asian markets
Malaysia-based Zhibao Labuan Reinsurance Company is expanding into Hong Kong and Southeast Asia through collaborations with a global reinsurer in Singapore and a Chinese state-owned insurer in Hong Ko
Judge Dismisses Trump’s Lawsuit Against Iowa Newspaper
A judge on Wednesday dismissed Donald Trump’s lawsuit accusing The Des Moines Register and its former pollster of misrepresenting the state of the 2024 presidential race, rejecting the president
D&O's mixed signals - why the calm at the surface is not the whole story
Settlement figures are falling, SEC enforcement is at a decade low, and overall filing volumes are down. Reading those as signs of a benign claims environment requires ignoring where the leading indic
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