Former
The case hinged on whether an investment firm run by Greenberg would have to reimburse New York-based AIG for shares removed from a retirement bonus fund.
Although the company maintains Greenberg unlawfully took the stock before he was forced out of the company in 2005, the jury found otherwise.
The jury decision’s is considered to be advisory, so Federal District Judge Jed Rakoff may reverse it when he issues a final ruling at the end of August.
Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
SDK integration can simplify and revolutionize digital offerings for health insurers.
The insurtech discusses its multi-line solutions and ethics of AI.
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
