A food distributor in Hawaii has filed a federal lawsuit against a dairy company because milk from the mainland is allegedly being sold under a name that advertises local ties. The lawsuit filed by Hawaii Foodservice Alliance claims Meadow Gold …
Maryland’s attorney general filed a lawsuit Tuesday against chemical company Monsanto and two spinoffs, alleging that chemicals Monsanto manufactured harmed the state’s waters, fish and wildlife and seeking to recover damages and clean-up costs. The lawsuit filed in the Circuit …
The Allstate Corp. announced it has reached an agreement to sell the property making up the majority of its campus in Northbrook, Illinois, to Dermody Properties for approximately $232 million. The sale is expected to close in 2022. Allstate has …
Universal Holdings, parent company of Universal Property and Casualty Insurance Co., Florida’s largest private P&C carrier, announced it had placed $100 million in notes to aid in future growth plans. The oversubscribed private placement was for 5.625% senior unsecured notes …
Definity Financial Corp., the 150-year-old insurer that held its initial public offering [on Nov. 17], will look to use its newfound access to capital to expand through acquisitions, the firm’s top executive said. Chief Executive Officer Rowan Saunders said the …
Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate …
This edition of International People Moves, covers two promotions at Chubb and a new hire at Hiscox. A summary of these appointments follows here. Chubb Promotes Rayan and Edey for Consumer Lines Distribution and Financial Lines, Respectively Chubb announced two …
Nine people who sued white nationalist leaders and organizations over the violence at a deadly rally in Charlottesville in 2017 won a $26 million judgment for the injuries and trauma they endured. But whether they will be able to collect …
European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both elements, according to a new AM Best market …
FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the insurance industry. The tactic urged by The …
