A Snowstorm that Cost Nearly $2.2B and Other January Natural Catastrophes: Aon February 11, 2021 A snowstorm in Spain, called “Filomena,” caused business interruption and property losses estimated at nearly €1.8 billion ($2.2 billion), according...
Biden Reverses Trump Stand at Supreme Court in Republican Bid to End Obamacare February 11, 2021 By Lawrence Hurley President Joe Biden’s administration on Wednesday told the U.S. Supreme Court that the Obamacare healthcare law should be upheld, reversing...
Weinstein Co. Bankruptcy Faces Appeal by 4 of His Sexual Misconduct Accusers February 11, 2021 By Randall Chase Four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct are appealing a Delaware judge’s approval of...
Judge Questions Why Facebook May Have Overpaid in Data Privacy Settlement February 11, 2021 By Tom Hals Facebook Inc. may have paid $4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators...
CFC Enhances E&O Policy for Design, Construction Contractors February 10, 2021 CFC has upgraded its errors and omissions policy for US-based design and construction contractors to include costs for steps taken...
Ambac Financial Launches Specialty Insurance Group Everspan February 10, 2021 Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing...
Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities February 10, 2021 The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies,...
Some Baby Foods Found to Contain High Levels of Toxic Heavy Metals February 10, 2021 By Susan Heavey and David Shepardson U.S. congressional investigators found “dangerous levels of toxic heavy metals” in certain baby foods that could cause neurological damage, a...
Federal Judge Sides with Chubb in Denial of Target’s Data Breach Bank Claims February 10, 2021 By Andrew G. Simpson Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013...
Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies February 10, 2021 By Katherine Chiglinsky and Jenny Surane The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability...