Chubb Agrees to Pay $800M Toward Boy Scouts Sex Abuse Claims Deal December 13, 2021 By Maria Chutchian One of the Boy Scouts of America’s primary insurers, Chubb Ltd. unit Century Indemnity Company, said on Monday it will...
People Moves: Lezaj to Lead Zurich Complex Casualty; MMC Names Bouchard as Climate Director December 13, 2021 Lezaj to Lead New Zurich Middle Market Complex Casualty Unit Zurich North America has created a Complex Casualty unit to...
Supreme Court Turns Away J&J’s Bid to Avoid State’s Talc Warning Lawsuit December 13, 2021 By Lawrence Hurley The U.S. Supreme Court on Monday declined to hear a bid by Johnson & Johnson to throw out a lawsuit...
Supreme Court Seeks Biden Administration View on Bayer Weedkiller Appeal December 13, 2021 By Lawrence Hurley and Ludwig Burger The U.S. Supreme Court on Monday asked President Joe Biden’s administration for its views on whether the justices should hear...
Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity December 13, 2021 Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its...
Reinsurer Says U.S. Should Regulate $17 Billion Litigation Funding Industry December 13, 2021 By Jim Sams Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States,...
Major Companies Rush to Fix Software Flaw Before Hackers Strike December 13, 2021 By Jack Gillum Major global companies are facing pressure to fix what experts are calling one of the most serious software flaws in...
Wells Media Group Transitions Ownership to Its Employees December 11, 2021 Wells Media Group, Inc announced that it has become a 100% employee-owned firm via the launch of an Employee Stock...
Other Services Beat P/C Insurers in Providing Digital Customer Experience: J.D. Power December 10, 2021 The property/casualty insurance industry is falling behind financial services and utilities providers when it comes to the digital customer experience....
Rising Insurance Costs Add to Public Finance Sector’s Cyber Pressures December 10, 2021 By Fitch Ratings The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in...