Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses September 6, 2024 By Claire Ballentine and Laura Nahmias New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning...
Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case September 6, 2024 By Christine Dobby Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive,...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Amazon Challenges Labor Board’s Structure in Lawsuit Over Union Election September 6, 2024 By Daniel Wiessner Amazon.com sued a U.S. labor board on Thursday, accusing it of illegally interfering in a union election at a New...
Dish Network in Talks With Investors to Settle Lawsuit September 6, 2024 Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group...
Hershey Attacks Lawsuits Targeting Product Packaging, Seeks to End Reese’s Case September 6, 2024 By Jonathan Stempel Hershey urged a U.S. judge to dismiss a lawsuit claiming it misled consumers about several Reese’s peanut butter candies, using...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
BMW Recalling Mini Cooper SE Electric Models September 6, 2024 German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect...
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1 September 6, 2024 Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced...
New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025 September 6, 2024 The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary...