Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger May 10, 2023 By Andrew G. Simpson A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled...
Senate Committee to Vote on Bipartisan Rail Safety Bill May 9, 2023 By David Shepardson The U.S. Senate Commerce Committee on Wednesday will vote on sweeping bipartisan rail safety legislation prompted by a Norfolk Southern-operated...
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting May 9, 2023 John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired...
Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit May 9, 2023 Goldman Sachs Group Inc agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against...
Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media May 9, 2023 By Jonathan Stempel The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to...
Twitter Beats Two Lawsuits Stemming From Mass Layoffs, for Now May 9, 2023 By Daniel Wiessner A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting female employees for layoffs...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...
Novidea Raises $50 Million in Series C Funding May 8, 2023 Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek –...
Register Now for the InsurTech Summit May 8, 2023 Carrier Management’s upcoming InsurTech Summit isn’t showcasing trends. It’s highlighting how insurers and InsurTechs use evolving tech to win. This...
Ex-Uber Security Chief Gets No Prison Time for Hack Coverup May 8, 2023 By Joel Rosenblatt Uber Technologies Inc.’s former security chief was spared from prison for concealing a massive data breach in 2016. Joe Sullivan’s...