Judge Blocks Chubb Exit From New York Diocese’s Thousands of Child Sex Abuse Suits December 19, 2023 By Andrew G. Simpson A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover...
Tesla Driver Paying $23K for 2019 California Crash December 19, 2023 By Stefanie Dazio A Tesla driver will pay more than $23,000 in restitution for the deaths of two people during a 2019 car...
Wisconsin Corn Mill Agrees to Pay $1.8M After Fatal Explosion December 18, 2023 A Wisconsin milling company has agreed to pay an additional $1.8 million in penalties after a corn dust explosion that...
With One Month to Go, Progressive’s Yearly Combined Ratio Hit Target of 96 December 18, 2023 By Chad Hemenway Progressive Corp. has achieved its combined ratio goal of 96, according to its release of November and year-to-date results. On...
CVC Completes Deal to Take Majority Investment in Dale Underwriting Partners December 18, 2023 Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment...
Initial Insured Losses for Windstorm Ciarán (aka Emir) Estimated at €1.9B: PERILS December 18, 2023 Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to...
Missouri County Agrees to $1.2 Million Settlement Over Inmate Restraint Chair Death December 18, 2023 By Jim Salter Missouri`s second-largest county will pay a $1.2 million settlement to the parents of a 21-year-old man with mental health concerns...
Britain’s National Grid Drops China-Based Supplier Over Cyber Security Fears: FT December 18, 2023 By James Pearson and Alexander Marrow Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge December 18, 2023 London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge...
Activision Blizzard to Pay $54M to Settle California Workplace Claims December 18, 2023 By Alex Veiga Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on...