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...
Judge ‘Inclined to Deny’ Part of Bayer Roundup Settlement on Future Claims July 7, 2020 Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company’s proposed settlement to...
State Judge Rejects Michigan Restaurants’ COVID-19 Business Interruption Claim July 7, 2020 By Jim Sams A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation’s first final...
101 Ways Coronavirus Crisis Has Changed P/C Insurance Pros’ View of Their Job. Or Not. July 7, 2020 By Andrew G. Simpson Has the coronavirus experience changed how property/casualty insurance professionals view their jobs? Yes and no. The biggest change is that...
COVID-19 Treatment Remdesivir to Cost Private Insurers $3,120 July 6, 2020 By Marilynn Marchione The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340...
Court Refuses to Open ‘Loophole’ for Cruise Line Lawsuits July 6, 2020 By Jim Sams A plaintiff’s attorney cannot avoid a showdown with a cruise line at the federal courthouse in Miami simply by pleading...