China Construction Bank Sued in US Over Reinsurance Fraud Losses May 10, 2024 By Robert Burnson China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud...
Markets/Coverages: FloodFlash Launches New Parametric Auto Dealer Program May 10, 2024 FloodFlash has added a dealer program in its efforts to support more U.S. businesses ahead of a hurricane season that...
Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss May 10, 2024 Liberty Mutual Holding Company on Thursday reported first quarter 2024 net income of $1.5 billion compared to loss of $74...
Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report May 10, 2024 By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more...
Personal Auto Insurers Have Edge on Innovation: AM Best May 10, 2024 After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto...
What Risks Do Advanced AI Models Pose in the Wrong Hands? May 10, 2024 By Alexandra Alper The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China...
Spouse Married After Injury Can Still Seek Damages in Asbestos Claim – Fla. High Court May 10, 2024 By William Rabb The Florida Supreme Court has opened the door a little wider to wrongful death claims from people who weren’t married...
Lawyers Handling Lawsuits Over Maui Wildfires to Get Investigation Documents May 10, 2024 By Jennifer Sinco Kelleher A judge on Friday forced the Hawaii attorney general’s office to turn over to lawyers involved in the hundreds of...
California Construction Company Fined $371K for Fatal Trench Collapse May 10, 2024 Cal/OSHA cited D’Arcy & Harty Construction Inc. $371,100 for failing to protect employees working in a trench excavation at a...
Mercury Insurance Taking Tokio Marine’s California Personal Lines Business May 10, 2024 Mercury Insurance on Thursday announced a plan that the Los Angeles-based carrier says will help maintain insurance availability and provide...