The Hartford Agrees to Pay $787M to Settle Boy Scouts Sexual Abuse Claims September 15, 2021 By Andrew G. Simpson The Hartford announced a new agreement in the Boy Scouts of America (BSA) bankruptcy in which it will pay $787...
People Moves: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS Names 3 to U.S. Renewables September 14, 2021 Lockton’s Reese Joins Cowbell Cyber A former Lockton executive has joined Cowbell Cyber as its new head of Insurance. Chris...
Most Commercial Lines Continuing to Win Healthy Price Increases September 14, 2021 While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to...
How Biden Vaccine Mandate Will Test OSHA September 14, 2021 By David Shepardson The U.S. agency in charge of the Biden administration’s new rules requiring COVID-19 vaccination at many private workplaces faces stiff...
Judge Approves Purdue Pharma’s $7M Executive Bonus Plan September 14, 2021 By Maria Chutchian A U.S. judge on Monday approved up to $7.1 million in bonuses for five executives of Purdue Pharma, the bankrupt...
Genworth Targets $3B Valuation in Mortgage Insurance Unit’s IPO September 14, 2021 By Sohini Podder Genworth Financial Inc. on Monday revived plans for an initial public offering (IPO) of Enact Holdings, aiming for a valuation...
What Smart People Get Wrong About Climate Change Extremes: Opinion September 14, 2021 By Kate Mackenzie, Bloomberg Opinion If anyone should be attuned to the real-world impacts of global warming, it’s the policy makers and business heads that...
Republicans Blast Biden Vaccine Mandates While Businesses Look to Implementation September 13, 2021 By Nandita Bose and Diane Bartz Republicans on Friday vowed to fight U.S. President Joe Biden’s new vaccine mandate covering big companies and federal employees, but...
Biden’s Vaccine Plan Puts OSHA in Spotlight; Expected to Trigger Legal Challenges September 13, 2021 By Alanna Durkin Richer, Eric Tucker and Andrea Shalal President Joe Biden’s sweeping new vaccine requirements have Republican governors threatening lawsuits. His unapologetic response: “Have at it.” The administration...
AIR Says Hurricane Ida Insurance Losses Could Reach $30 Billion September 13, 2021 Modeling firm AIR Worldwide has updated its insured loss estimates for Hurricane Ida and now projects that Ida’s insured industry...