Insurance News from July 22, 2021
National News
States, Municipalities Have 30 Days to Weigh $26B Opioid Deal with Major Drug Firms
A group of state attorneys general unveiled on Wednesday a landmark $26 billion...
Embedded As a Risk, New COVID Cycle Could Challenge Economic Recovery
What Drug Companies Have Paid to Settle Claims Over U.S. Opioid Crisis
Trading to Begin on Ryan Specialty IPO at $23.50 per Share for $1.3 Billion
Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’
International & Reinsurance News
Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities
Deadly floods that have upended life in both China and Germany have sent a stark...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase?
Major Generali Shareholders Plan to Ask CEO Not to Present New Business Plan: Report
China’s Henan Province Braces for More Rain After Severe Floods Kill at Least 33
W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round
East News
Massachusetts Couple Sues eBay Over ‘Unrelenting’ Harassment Campaign
A Massachusetts couple sued eBay Inc on Wednesday for being subjected to an...
West News
PG&E in California’s Will Pay to Bury Power Lines to Prevent Wildfires
California power company Pacific Gas and Electric said on Wednesday it would bury...
Southeast News
Heavy Rains Cause Sewer Overflows, Flood Problems in Alabama
Heavy rains caused more than 430,000 of sewage overflows near Mobile, while another...
Texas / South Central News
5% Rate Increase Recommended for Texas Windstorm Insurer
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance...
Midwest News
Virus’ Presence a Reason for Case Against Ohio Insurer to Proceed: Judge
A gym and fitness center in Pennsylvania won a minor victory on July 13 in a dispute...