U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best September 6, 2022 Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a...
Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says September 6, 2022 By Jim Sams Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the...
Bayer to Pay $40 Million Over Whistle-Blower’s Bribe Claims September 6, 2022 By Chris Strohm and Jef Feeley Bayer AG agreed to pay $40 million to resolve US lawsuits linked to allegations that company officials bribed hospitals and...
Hot Spots for Hot Cars: Colorado Leads U.S. in Vehicle Theft Rate, California in Overall Thefts September 6, 2022 By Jahna Jacobson Texas, California, Florida, Illinois, and Colorado are all places where your car is most likely to be gone in 60...
Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff September 2, 2022 By Brendan Pierson Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they...
OSHA Says Wells Fargo Owes Former Exec $22M for Improper Firing September 2, 2022 A former Wells Fargo executive is due $22 million after an investigation by the Occupational Safety and Health Administration (OSHA)...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says September 2, 2022 Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new...
US Asks Farmers: Can You Plant 2 Crops Instead of 1? September 2, 2022 By Scott McFetridge There is only so much farmland in the United States, so when Russia’s invasion of Ukraine last spring prompted worries...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records September 2, 2022 By Oxford University Press Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 2, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...