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...
Rate Hikes Boost CNA in Q4 February 9, 2021 CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net...
Metromile to Begin New Life as Public Company as Reverse Merger Closes February 9, 2021 By Andrew G. Simpson Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a...
P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes February 9, 2021 In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion...
It Could Have Been Worse. An Update on COVID-19 Impact on Workers’ Compensation. February 9, 2021 By Andrew G. Simpson While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’...
New Cowbell Cyber Partner Program Connects Insureds with Risk Management Services February 9, 2021 Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), has launched Cowbell Connect, its partner program...
Climate Models Are Not Designed for Use by Financial Markets, Scientists Warn February 8, 2021 By Matthew Green Misuse of climate models could pose a growing risk to financial markets by giving investors a false sense of certainty...
Broker Robinhood Sued by Parents Over Trader Son’s Suicide February 8, 2021 By Tom Hals The family of a 20-year-old stock trader who committed suicide sued the broker Robinhood for his death, citing its “misleading...