Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group May 18, 2023 By Chad Hemenway Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged “unlawful raid” of senior leaders and...
Fraudulent Filings in Massachusetts Could Be Distorting U.S. Jobless Claims Reports May 18, 2023 Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on...
Arthur J. Gallagher Subsidiary Acquires Dublin’s Allied Risk Management May 18, 2023 Dublin-based Allied Risk Management has been acquired by Artex Risk Solutions Inc, a captive and alternative risk transfer solutions subsidiary...
Ford Recalls 422,000 SUVs Because Rear View Camera Display May Fail May 18, 2023 By David Shepardson Ford Motor Co is recalling 422,000 sport utility vehicles in the U.S. because the video output may fail, preventing the...
Everest Re Group Rebrands to Everest Group May 18, 2023 Bermuda-based P/C insurer and reinsurer Everest Re Group, Ltd. announced that its shareholders approved a name change to Everest Group,...
Ukraine Black Sea Grain Deal Extended for Two Months May 18, 2023 By Huseyin Hayatsever and Michelle Nichols The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed...
Deutsche Bank to Pay $75 Million to Settle Epstein Suit May 18, 2023 By Joe Schneider and Sally Bakewell Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse...
J&J’s Proposed Talc Settlement Would Pay $400 Million to State AGs May 18, 2023 Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader...
Tale of Two Markets: Largest CR Gap Between Personal, Commercial Lines in 15 Years May 18, 2023 The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal...
Norfolk Southern Bondholders Sue Over Safety Disclosures Preceding Ohio Derailment May 18, 2023 By Jonathan Stempel Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the...