U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits January 31, 2023 By Tom Hals, Mike Spector and Dan Levine A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over...
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage January 31, 2023 Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour...
Ranks of Quiet Quitters Climb as Layoffs Mount January 31, 2023 By Matthew Boyle and Jeff Green Close to one in five workers has fully checked out on the job, and employees’ sense that they’re being treated...
Coalition Launches Full-Stack Cyber Insurer for SMBs January 31, 2023 Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition...
Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices January 31, 2023 By Susanne Sclafane While executives of Tesla said the car maker’s insurance business isn’t yet big enough to warrant separate financial disclosure of...
AIG Fires Interim CFO Lyons January 31, 2023 By Chad Hemenway AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023 January 30, 2023 A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’ January 30, 2023 By Chad Hemenway There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to...
U.S. and EU to Launch First-of-its-Kind AI Agreement January 30, 2023 The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....