Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage October 2, 2023 Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s...
Don’t Expect the Same Raise You Got Last Year: Surveys October 2, 2023 By Matthew Boyle Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who...
Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks October 2, 2023 Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings...
Guess Board Agrees to Settle Co-Founder Marciano’s Harassment Case; Insurers Sued October 2, 2023 By Jef Feeley Guess? Inc. directors agreed to a settlement worth as much as $30 million to resolve claims they turned a blind...
Homeowners Unprepared for Non-Weather-Related Water Damage: Report October 2, 2023 Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance...
Many US Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers October 2, 2023 By Brittany Peterson and Michael Phillis Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house...
US Supreme Court Takes Up Case Over Corporate Trend Disclosures September 29, 2023 By Jody Godoy The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs September 29, 2023 Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard...
People Moves: AIG Appoints Walsh as Executive Vice President and General Counsel September 29, 2023 American International Group announced that Patricia (Trish) Walsh will join AIG as executive vice president and general counsel, effective Dec....
Philips Shares Decline After Reports It Responded Late to Apnea Warnings September 29, 2023 By April Roach Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints...