Compared to Prior Quarter, All Commercial Lines Saw Renewal Rate Up in Q4: Ivans January 24, 2024 Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....
SEC Blames ‘SIM Swapping’ for its X Account Hack January 23, 2024 By Douglas Gillison Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone...
J&J Agrees to Resolve Talc Investigations in 42 States January 23, 2024 By Jonathan Stempel Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether...
Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product January 23, 2024 Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded...
US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker January 23, 2024 By Nate Raymond A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible...
Brown & Brown’s Q4 Profit Jumps on Robust Growth in Fee, Investment Income January 23, 2024 Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher...
Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty January 23, 2024 By Ezra Amacher The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its...
Vans, Dickies Owner VF Corp: Data of 35.5M Consumers Stolen in Recent Cyberattack January 23, 2024 Apparel and footwear company VF Corp. disclosed last week that the personal data of about 35.5 million consumers were stolen...
J&J Sets Up 3rd Talc Bankruptcy Bid by Moving Unit to Texas January 22, 2024 By Jef Feeley Johnson & Johnson is seeking to move a unit to Texas as it prepares for a potential third bankruptcy court...