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Archive for March 2019

New York Subpoenas Broker About Trump Organization

New York’s insurance regulator issued a subpoena to the Trump Organization’s primary insurance broker, a person familiar with the matter said. It came just days after President Donald Trump’s former personal attorney testified to Congress that the president’s company sometimes … Source: Claims Journal

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Aon Quits Pursuit of Willis Towers Watson Merger

Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up. The company said on Tuesday that it was in the early stages of … Source: Claims Journal

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How People Rationalize Bad Choices

When a reward is tempting enough, people will break their own moral codes to gain the desired prize. Afterward, they’ll tell you exactly how they were justified: “It wasn’t as if anyone was harmed,” “I was only borrowing …,” “My … Source: Claims Journal

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U.S. Firms Hired Record Number of Robots in 2018

U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants. Shipments … Source: Claims Journal

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Lyft, Uber Shift Risk to Captive Insurers

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors … Source: Claims Journal

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Death Toll from Tornadoes Climbs in Southeast

An apparent tornado roared into southeast Alabama and killed at least 14 people and injured several others Sunday, part of a severe storm system that destroyed homes, snapped trees and unleashed other tornadoes around the Southeast. Dozens of emergency responders … Source: Claims Journal

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Aon Said to Be Weighing Bid to Buy Willis Towers Watson

Aon Plc is considering an offer to buy rival insurance brokerage Willis Towers Watson Plc, according to people familiar with the matter, in what could be the industry’s largest ever merger. Aon is preparing to submit a bid for Willis … Source: Claims Journal

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