The policy also allows for indemnity related to reasonable expenses incurred while mitigating claims – such as alternative suppliers, technical analysis, third-party design-arounds, or product recalls. In addition, reputation and brand protection is included, with support for costs linked to engaging public relations consultancies.
Income before taxes was $538.6 million, down from $574.1 million a year ago. After accounting for $121.3 million in income tax and $222,000 in noncontrolling interests, net income attributable to common shareholders was $417.6 million. The company reported 399.8 million diluted shares outstanding for the quarter, compared to 405.8 million in the same period last…
As the back-to-school season approaches, many of us feel the shift in routines. Whether navigating new school schedules, coordinating drop-offs and pick-ups, or managing extracurricular activities, this time of year often brings changes for employees that can ripple into the workplace. For employers, it’s the perfect time to proactively remind staff about essential workplace policies—particularly…
Mediobanca, based in Milan, holds a 13% stake in Generali, making it the insurer’s largest shareholder. The holding has been a point of contention between Mediobanca and other major investors in Generali, including the family of the late Leonardo Del Vecchio and businessman Francesco Gaetano Caltagirone. Both investors also hold stakes in Mediobanca and have…
While both Landry and Temple emphasized the need to address issues such as legal abuse and distracted driving, they diverged on some matters. Landry advocated for limiting the use of credit scores in underwriting, a position that has met resistance from insurers, who argue that it impairs risk-based pricing. Source link
Meanwhile, Ranucci has 17 years of experience in insurance and previously served as head of North America lower middle market and as global chief underwriting officer for small business. He will oversee operations, including profit and loss management, field and home office underwriting, product development, pricing, portfolio management and analytics. Source link
