Bayer Agrees to Delay Future Claims Portion of Proposed Roundup Settlement July 8, 2020 Bayer said it had agreed to delay a proposed settlement to deal with future claims relating to allegations that its...
Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business July 8, 2020 U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash,...
Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits July 8, 2020 By Shariq Khan and Nichola Saminather Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from...
New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses July 8, 2020 By Carolyn Cohn Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums –...
Losses From Civil Protests May Cause Insurers to Rethink Property Coverage July 8, 2020 By Jim Sams The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states,...
After CoreLogic Rejects Their Takeover Bid, Investment Firms Vow to Press Ahead July 7, 2020 The board of data analytics firm CoreLogic yesterday unanimously rejected an acquisition offer from an investment firm and hedge fund,...
Weinstein Reaches Tentative $19M Deal With Accusers July 7, 2020 By Larry Neumeister NEW YORK — Harvey Weinstein and his former studio’s board have reached a nearly $19 million settlement with dozens of...
Talisman Casualty to Offer Surety Program for Captives July 7, 2020 Talisman Casualty Insurance Co. of Nevada has launched a surety program designed to help its captive clients avoid the possibility...
Chubb Estimates $1.4 Billion in Q2 Global Losses Tied to Coronavirus July 7, 2020 Chubb’s disclosure of second quarter 2020 global net catastrophe losses underscores the damage COVID-19 is doing to some carriers’ bottom...
Insurance Fraud Investigators Ramp Up During Reopening, Even as Claims Volumes Drop July 7, 2020 By Jim Sams Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire...