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Archive for March 2021

The Hartford Rejects Chubb’s $23 Billion Buyout Offer

The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not … Source: Claims Journal

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Tool Created to Aid Cleanup From Microsoft Hack in Broad Use

WASHINGTON (AP) — A tool designed to help businesses protect themselves from further compromises after a global hack of Microsoft email server software has been downloaded more than 25,000 times since it was released last week, the White House’s National … Source: Claims Journal

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Claims People: CCC, Arbella, Davies and IAT

CCC Names Chief Product Officer CCC Information Services appointed Shivani Govil as chief product offficer.She will lead the Chicago insurtech’s product strategy, product management and marketing functions. CCC announced in February plans to go public through a special purpose acquisition … Source: Claims Journal

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Toyota Leads Losses After Renesas Fire Stokes Chip Crunch Fears

Japanese automaker shares fell Monday after a fire unexpectedly halted one of chipmaker Renesas Electronics Corp.’s largest plants, exacerbating a growing global shortage of automotive semiconductors. Renesas slid as much as 5.4%, while customers from Toyota Motor Corp. to Honda … Source: Claims Journal

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