Caesars in Nevada Puts Pandemic Losses At $2B, Wants Insurers to Pay March 29, 2021 By Ken Ritter Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2...
Utah Passes Law Requiring Pilot Insurance Following Plane Crash March 29, 2021 The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years...
Judge Considering Requiring PG&E in California to Turn off Power More Often March 29, 2021 By Michael Liedtke A federal judge overseeing Pacific Gas & Electric’s criminal probation said Tuesday that he is considering requiring the utility to...
Former California Uber Driver Convicted of Raping Passengers March 29, 2021 A former Uber driver in Central California was found guilty of sexually assaulting and stealing from five passengers. Jurors took...
Chubb ‘Disappointed’ in Hartford’s Rejection of Merger Offer, Talks March 29, 2021 By Andrew G. Simpson Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in...
FEMA Knows About Trying to Build Back Better Infrastructure March 29, 2021 By Leslie Kaufman Lawmakers in Washington are gearing up for the Biden administration’s first major legislative challenge: a set of measures on long-term...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack March 29, 2021 By Andrew G. Simpson CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings...
Suez Canal Blockage Likely to Bring Large Losses for Global Reinsurers: Fitch March 29, 2021 The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why. March 29, 2021 By Supantha Mukherjee and Anirban Sen STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with...
Software Developers Launching Type of Insurance Cover for Cryptocurrencies March 29, 2021 By Olga Kharif Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a...