McDonald’s Sued by Consumers in Proposed Class Action Over E.Coli Outbreak October 30, 2024 By Jonathan Stempel McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions...
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income October 29, 2024 Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
J&J’s $8.2 Billion Talc Settlement Faces January Court Test October 29, 2024 By Jef Feeley The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to...
Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’ October 29, 2024 By Tony Buckle and John Carolin Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface...
People Moves: The Hartford Announces Leadership Appointments In Global Specialty October 29, 2024 The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his...
Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch October 29, 2024 By Robert Burnson Delta Air Lines Inc. sued cybersecurity firm CrowdStrike Holdings Inc. over the chaos caused this summer by a “catastrophic” software...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver October 29, 2024 A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing...
Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns October 29, 2024 By Don Jergler Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting...
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton October 28, 2024 Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty...