Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency July 29, 2022 By L.S. Howard The industry’s blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. “The directors, following consultation...
Director of 9/11 Fund Picked to Estimate Cost of J&J Talc Claims July 29, 2022 By Steven Church The lawyer who oversaw payments to victims of the Sept. 11 terrorist attacks will be appointed by a federal judge...
U.S. Financial Stability Oversight Council to ID More Climate-Related Risks July 28, 2022 By Don Jergler The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year published...
Lemonade Closes Deal for Auto Insurer Metromile July 28, 2022 Digital insurer Lemonade said it has closed of the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction....
Judge Questions 3M’s Use of Bankruptcy to Fight Veterans’ Suits July 28, 2022 By Steven Church The federal judge administering more than 230,000 lawsuits against 3M Co. questioned whether the industrial giant acted in good faith...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg July 28, 2022 By Chad Hemenway Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re July 28, 2022 Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than...
Allergan Poised to Pay More Than $2 Billion in Opioid Settlement July 28, 2022 By Jef Feeley AbbVie Inc.’s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed...
Applied Underwriters Debuts Entertainment & Sports Division July 28, 2022 Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company...
3M Unit Goes Bankrupt in Bid to Resolve Lawsuits Over Military Earplugs July 27, 2022 3M Co. put its Aearo Technologies unit into bankruptcy in a bid to resolve more than 230,000 lawsuits brought mainly...