National News

Aon Appoints Rieth as U.S. Practice Leader for E&O/Cyber Broking Team

Aon announced that Brent Rieth is the new U.S. Practice Leader of the Cyber Solutions Errors and Omissions/Cyber Broking team. Rieth first joined Aon in 2009 as team leader of the E&O/Cyber broking effort for multi-national clients. In December 2018, …

Boy Scouts Filing Sexual Abuse Lawsuits Face Deadline Agreed to in Bankruptcy Deal

Some victims of childhood sex abuse who are considering suing the Boy Scouts of America face a choice: an anguished rush to meet a deadline earlier than what lawmakers intended, or wait and sue local councils, perhaps putting them at …

Ecoroofs, Bioswales, Water Gardens: Cities Get Creative To Tame Stormwater Floods

For more than a century, New Orleans has depended on canals and pumps to get rid of stormwater in a city where about half the land is below sea level. Now the bustling Mississippi River port that expanded by filling …

Investors, Bondholders Sue Occidental Over Anadarko Merger

Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp. The …

Sign Here First: Reopening Businesses Turn to Liability Waivers, Disclaimers

As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have …

Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising

The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …

Coronavirus Could Complicate Hurricane Response, Warns Catastrophe Modeler

“Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. KCC highlighted, …

Swiss Re Corporate Solutions Launches Parametric Product for Hail-Proned States

Swiss Re Corporate Solutions (SRCS) has expanded its parametric offering with the launch of HAIL, a parametric hail insurance cover. The new product is designed to protect companies in the United States from the financial impact of a significant hail …

Insurance Survey Asks: How Is Pandemic Affecting Your Life, Your Work, Your Industry?

How is the coronavirus pandemic affecting your life and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers …

U.S. Court Says State Courts Are Proper Forum for Climate Suits Against Big Oil

Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy …

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