People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer March 5, 2024 Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent...
Markets/Coverages: Falvey Launches Commercial Output Insurance March 5, 2024 Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs...
Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash March 5, 2024 By David Shepardson Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could...
Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack March 5, 2024 Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available...
Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions March 5, 2024 By Jonathan Stempel A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors...
Former Twitter Execs Sue Elon Musk for Over $128M in Severance March 5, 2024 Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in combined...
Hacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data March 5, 2024 By Raphael Satter A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to...
JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle March 4, 2024 By Jonathan Stempel Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after...
New Survey Reveals How Independent Agents Are Adapting to the Hard Market March 4, 2024 The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...