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Former CNA CEO Motamed Joins AIG Board
The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed has also been appointed to the board’s Risk & …

POSTED JANUARY 16, 2019 2:16 PM
Cuomo Criticizes Predatory Lending Approach Involving New York Courts
New York Governor Andrew Cuomo is seeking to end his state’s role as the nation’s collections department for predatory loans to small businesses. Cuomo plans to submit legislation to curtail the use of confessions of judgment, he said Tuesday in …

POSTED JANUARY 16, 2019 1:46 PM
Family Behind Purdue Pharma Pushed Opioid Marketing, Massachusetts Says
Members of the wealthy Sackler family behind Purdue Pharma LP pushed it to boost sales of OxyContin and other opioids even as questions emerged about the extent its painkillers were being abused, Massachusetts’ attorney general alleged on Tuesday. Attorney General …

POSTED JANUARY 16, 2019 1:34 PM
Fired Moody’s Executive Wins Back Paris Job, Gets $1.8 Million Payout
A Moody’s Corp. managing director fired for lashing out at a junior co-worker who criticized his team’s work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody’s France fired the managing director in March 2015 after …

POSTED JANUARY 16, 2019 12:32 PM
HDI Global Taps McDonald from Allianz as UK and Ireland Managing Director
HDI Global SE (HDI) has appointed Claire McDonald as managing director of its UK and Ireland operations. She will assume the role on March 18, 2019. McDonald will join the company from Allianz Global & Corporate Specialty SE where she …

POSTED JANUARY 16, 2019 12:03 PM
UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date
Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10 weeks before it is …

POSTED JANUARY 16, 2019 11:37 AM
Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion
After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app. Think of it as a digital conglomerate that …

POSTED JANUARY 16, 2019 11:22 AM
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses of $120 billion, according to Willis Re. However, the insured losses in 2018 are slightly less than half of those …

POSTED JANUARY 16, 2019 11:08 AM
Court Upholds $440 Million Patent Infringement Judgment Against Apple
A U.S. appeals court on Tuesday upheld a judgment worth $440 million that was won by intellectual property licensing firm VirnetX Inc. against Apple Inc. in a patent infringement case. The U.S. Court of Appeals for the Federal Circuit denied …

POSTED JANUARY 16, 2019 8:00 AM
RLI Promotes Mesco, Campen, Irish in Claim Department
Illinois-based specialty insurance company, RLI Corp. has promoted three leaders within its Claim department. Nic Mesco, assistant vice president, Claims, has been promoted to vice president, Claims, with executive leadership responsibility for RLI’s Casualty product claims. Mesco joined RLI in …

POSTED JANUARY 16, 2019 6:27 AM

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