Berkley CEO Warns Against Overreaction to Workers’ Comp Rate Declines February 4, 2020 By Mark Hollmer While the market is hardening and rates are increasing for nearly every commercial insurance line, workers’ compensation remains stubbornly soft....
Gymnast Sexual Abuse Victims Offered $215 Million Insurance Payout to Settle Claims February 4, 2020 By Will Graves USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million for sexual abuse survivors to settle...
Twitter Says Users’ Phone Numbers Exposed by Flaw in Contacts Upload Feature February 4, 2020 Twitter said on Monday that it had discovered attempts by possible state actors to access the phone numbers associated with...
FDA Hearing to Address Testing of Talcum Powders, Cosmetics for Asbestos February 4, 2020 By Chad Terhune and Lisa Girion For the first time in nearly 50 years, the U.S. Food and Drug Administration will examine asbestos testing for talc...
Chubb Launches Non Damage Terrorism Product for Businesses February 4, 2020 Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies. Chubb’s Non Damage Terrorism...
Judge Rejects Argument That Insurer Acted in Bad Faith by Using Automated Bill Pay February 4, 2020 By Jim Sams For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted...
Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know February 3, 2020 By Mitch Jawitz The personal umbrella market had been steady for many years, with lots of choices available in the market when it...
Judge Quashes Peloton’s Countersuit in Music Copyright Case February 3, 2020 By Chris Dolmetsch, Bloomberg Peloton Interactive Inc.’s attempt to fire back at music publishers who sued the exercise bike maker for copyright infringement was...
Online Insurance Broker Policygenius Raises $100M From AXA, Others February 3, 2020 Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to...
Judge Orders J&J to Pay $344 Million Over Vaginal Mesh Implants Marketing February 3, 2020 By Jef Feeley and Bill Callahan Johnson & Johnson was ordered to pay $344 million for misrepresenting the risks of vaginal-mesh implants to consumers in California,...