Uber’s valuation is $80-$90 billion despite slowing revenue and user growth and the loss of $1.8 billion last year alone when excluding certain business sales, according to its recent IPO filing with the Securities and Exchange Commission. The offering will be the biggest share sale since Alibaba Group went public on the New York Stock […]
Potential Clients in Grocery and Meal Delivery
Restaurants and grocers are experimenting with various methods of grocery and meal delivery to customers’ homes and offices, in part because these industries are not experiencing significant growth in foot traffic. Venture capital firms invested $5 billion into meal and grocery delivery services in 2018 alone, a four-fold increase from 2017. Some meal and grocery […]
How to Get on Insurance Panels in 2019
Intention is the first step in becoming panel counsel for a new insurance carrier in 2019. This article outlines how to get on more insurance panels in 2019. As Deepak Chopra says, intention is the starting point of every dream. Whether you want to become AIG panel counsel, Hartford insurance panel counsel, or State Farm panel […]
Workers’ Comp 2019 Insurance Trends
Workers’ compensation rates for 2019 reveal a trend of decreased rates across multiple states as a variety of factors are positively affecting the employment industry, such as safer workplaces and increased employment. The National Council on Compensation Insurance (NCCI) attributed the improved industry outlook to “safer workplaces and increased use of automation and innovative technologies.” […]
Safeco Expands Personal Lines
EMC Insurance is exiting the personal lines insurance business, which represents only about 10 percent of their total policies. Safeco Insurance, a Liberty Mutual Company, will be accepting the transfer of EMC personal lines policies from EMC-licensed agents, beginning in the first quarter of 2019. The move follows a strategic decision by EMC to focus […]
XL Catlin Acquired by AXA
AXA XL is the name of the new Property & Casualty and specialty risk division of AXA. The division reflects the combined resources of XL Insurance, XL Reinsurance, AXA Corporate Solutions, AXA Matrix, and XL Art & Lifestyle. The acquisition, which closed September 12, places the newly combined firm in the #1 global position for […]
American Family and Main Street to Merge
American Family Insurance Mutual Holding Company (American Family) announced a planned merger with Main Street America Group Mutual Holdings, Inc. (Main Street America) in May 2018. The merger already has been approved by state insurance regulators in Wisconsin, Florida, Indiana, Minnesota and South Carolina, according to company reports, and remains subject to American Family and […]
Sexual Harassment Law Adopted by NYC
The Stop Sexual Harassment in NYC Act was enacted by the New York City Counsel in May 2018 with the goal of protecting the city’s workers from sexual harassment. This new local ordinance extends to employers with fewer than five employees and is an amendment to the New York City Human Rights Law and the […]
Chubb Offers Ride-Hailing Insurance
Chubb Ltd. and Sure Inc. are joining forces to sell on-demand accident and death coverage to passengers of ride-hailing services like Uber in the event an accident occurs while a passenger is in transit, according to a June 15 article in the Wall Street Journal titled, “Chubb: Plants Its Flag in the Future.” Medical expenses […]
EPLI Panel Counsel Trends
Employment defense law firms in search of EPLI panel counsel opportunities are feeling the pinch as national firms like Littler Mendelson and Jackson Lewis strengthen their relationships with national and regional insurance carriers offering employment practices liability insurance (EPLI). Employment practices liability insurance generally covers employers for harassment, discrimination, or wrongful termination claims filed by […]
