Puerto Rico Insurers to Absorb Hurricane Ernesto Losses: AM Best August 21, 2024 Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry...
Markets/Coverages: Baltimore Bridge Collapse Sparks Port Blockage Cover From Marsh August 21, 2024 Insurance broker Marsh announced the launch of what it said is a first of its kind $50 million port blockage...
US Appeals Court Revives Google Privacy Class Action August 21, 2024 By Jonathan Stempel A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected...
FTC Ban on Worker Noncompete Agreements Blocked by Federal Judge August 21, 2024 By Madlin Mekelburg A federal judge ruled the US Federal Trade Commission can’t enforce its near-total ban on noncompete agreements that was set...
Supreme Court Keeps New Rules on Sex Discrimination in Education on Hold August 20, 2024 The Supreme Court on Friday kept on hold in roughly half the country new regulations about sex discrimination in education,...
Ryan Specialty to Acquire Assets of MGU Greenhill From Alera August 20, 2024 Ryan Specialty said it has signed a definitive agreement to acquire certain assets of Greenhill Underwriting Insurance Services from Alera...
USAA President, CEO Peacock Retiring in 2025 August 20, 2024 USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after...
CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2 August 20, 2024 By Chad Hemenway Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines...
T-Mobile Fined $60 Million Over Unauthorized Data Access August 20, 2024 By Alexandra Alper and Eric Beech A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever,...
Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay August 20, 2024 By Jonathan Stempel Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with...