Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 1, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer March 1, 2024 Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 1, 2024 A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
Job Cuts, Fleeing Investors: How Anti-DEI Lawsuits Take a Toll on Targets March 1, 2024 By Kelsey Butler Elizabeth Gore is fighting for survival. Just six months ago, the founder of financial technology startup Hello Alice was getting...
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US March 1, 2024 By Dietrich Knauth Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare...
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack March 1, 2024 UnitedHealth Group said on Thursday the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’ February 29, 2024 By Chad Hemenway Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million...
Destination Progressive… or One of These Other Carriers February 29, 2024 By Susanne Sclafane Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he...
Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch February 29, 2024 Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the...
Lawsuit by Elon Musk’s X Against Hate Speech Watchdog Heads to Court February 29, 2024 By Jonathan Stempel A U.S. judge on Thursday will consider whether to dismiss X Corp’s lawsuit against a nonprofit that has criticized a...