Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees August 12, 2019 By Josh Saul Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin...
Insurer MBIA Sues Banks Over ‘Financial Tragedy’ of Defaulted Puerto Rico Bonds August 12, 2019 Bond insurance company MBIA Inc. sued several financial institutions on Thursday over their role in underwriting billions of dollars of...
Hurricane Activity Could Pick Up as El Nino Fades, Say Forecasters August 12, 2019 By Seth Borenstein Government meteorologists say this year’s hurricane season may be busier than initially expected now that summer’s weak El Nino has...
Facebook Must Face Privacy Class Action Over Collecting Biometric Data August 12, 2019 By Jonathan Stempel A federal appeals court on Thursday rejected Facebook Inc.’s effort to undo a class action lawsuit claiming that it illegally...
Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes August 12, 2019 Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers...
Chubb Launches Combined Product for Professional Service Firms August 12, 2019 Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact...
Report Bayer Offered $8 Billion to Settle Roundup Claims Is ‘Fiction,’ Says Mediator August 11, 2019 By Jonathan Stempel and Ludwig Burger Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the...
Everest Insurance Launches Everest Elevation REIT Management Liability Policy August 9, 2019 Everest Insurance has released a new Everest Elevation REIT Management Liability Policy (Everest Elevation), which provides management liability coverage for...
Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report August 9, 2019 Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300...
Coinbase Must Face Buyers’ Negligence Claims Over ‘Hasty’ Launch of Its Bitcoin Cash August 9, 2019 By Joel Rosenblat Coinbase Inc. must face a negligence lawsuit for allegedly botching the launch of its digital currency bitcoin cash, or BCH,...