Merck & Co. Inc. has reportedly reached a deal with insurers over a closely-watched coverage dispute related to a massive cyberattack in 2017. The New Jersey Supreme Court in July 2023 agreed to hear the case after a state appeals …
Just because an insurer paid the full policy limits on a claim, and argues that the damages weren’t even covered, doesn’t mean it can escape a bad-faith lawsuit. It’s the type of court decision that has rankled Florida insurance carriers …
ST. LOUIS (AP) – A Missouri city will pay nearly $3 million to settle a lawsuit accusing it of violating the constitutional rights of residents by jailing them and forcing them to pay fines and fees amounting to millions of …
Outgoing Louisiana Insurance Commissioner Jim Donelon said that two initiatives to address the state’s property insurance market are meeting expectations. Donelon provided updates to the Louisiana Incentive Program and the Louisiana Fortify Homes Program in his final week of office. …
Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property risks portfolio. The binder has a line size of US$2 …
The 2024 PGA Tour teed off Thursday with the opening round of The Sentry, the first major sporting event to be held on the island of Maui since the devastating Lahaina wildfires in August. Sentry Insurance, the tournament’s title sponsor, …
The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four …
Congresswoman Eddie Bernice Johnson died a “terrible, painful death” from an infection caused by negligence at her Dallas recovery facility following a September back surgery, according to a statement Thursday from Johnson’s family outlining their intention to file a lawsuit. …
North Dakota Insurance Commissioner Jon Godfread announced this week that he intends to run for re-election in 2024. Godfread, a Republican, is seeking his third term in office. He was elected commissioner in 2016, winning 64 percent of the vote. …
The powerful earthquake that hit Japan’s western coast on New Year’s Day has underscored the country’s exposure to natural disasters, casting fresh doubt over a push to bring its nuclear capacity back online. Nuclear power plants dot the coast of …
