The U.S. Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies – Cargill Inc and a Nestle SA subsidiary …
The American Property Casualty Insurance Association is opposing legislation that would create a rebuttable presumption that the COVID-19 virus caused property damage triggering business interruption coverage in commercial liability policies. The just amended Assembly Bill 1552 would retroactively rewrite business …
Maryland Insurance Commissioner Kathleen Birrane has been in her new role for nearly two months, and she already has big plans for the state to establish itself as a leader in the tech space. “I’d like to see Maryland at …
Compre, the London-based independent re/insurance legacy specialist, announced it has signed its second legacy transaction with QBE for an undisclosed sum. The transaction follows Compre’s acquisition of QBE’s share of the Ridgwell Fox & Partners pool legacy reinsurance business in …
Clients of M&T Insurance Agency Inc. (MTIA), a provider of commercial insurance and risk management solutions that is part of the M&T Bank Corporation family, will now benefit from a new cyber risk analytics platform through CyberCube. The Broking Manager …
Bars in certain Delaware beach towns will close ahead of the Fourth of July holiday to limit the spread of the coronavirus, the state’s governor said. The new order from Delaware Governor John Carney announced Tuesday orders bars in eastern …
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer’s chief executive said in an interview. Allianz is among global insurers …
Lloyd’s of London is proposing solutions that could provide customers with greater protection against a future wave of the COVID-19 virus or future systemic – “black swan” – catastrophes, such as another pandemic, a global cyber attack or a solar …
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in London to serve the European market through retail …
U.S. technology company TuSimple on Wednesday launched a self-driving freight network with UPS and Berkshire Hathaway Inc. supply chain unit McLane that it said should operate nationwide by 2024 and start running some driverless trucks routes by 2021. United Parcel …
