Facebook Plans Global Cryptocurrency, Entry into Financial Services June 19, 2019 By Katie Paul and Anna Irrera Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to...
States Reviewing Proposed Sale of Workers’ Comp Specialist Applied Underwriters June 19, 2019 By Don Jergler A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department...
Chubb to Partner with National Association of Women Business Owners June 18, 2019 The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance...
State of the Cyber Insurance Market- Top Trends, Insurers and Challenges: A.M. Best June 18, 2019 The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry...
Sen. Rubio Bill Would Block Patent Damage Claims by Foreign Firms on Watch List June 18, 2019 U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co. Ltd. from seeking damages in U.S....
Spragg Named President of Berkley Select June 18, 2019 W.R. Berkley Corp. announced the appointment of Daniel R. Spragg as president of its specialty unit, Berkley Select. Spragg has...
Data Deficit Remains Key Challenge for Cyber Insurance Underwriters June 18, 2019 By Elizabeth Blosfield While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge...
D&O Insurance Costs Soar as Investors Run to Court Over IPOs June 18, 2019 By Suzanne Barlyn Companies going public in the United States face insurance costs that have increased as much as 200% in the last...
Supreme Court Returns Gay Wedding, Religion Rights Case to State June 18, 2019 By Greg Stohr The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake...
Court Relieves Insurers of $65 Million Payment Linked to Stanford Ponzi Scheme June 18, 2019 By Jonathan Stempel A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver...