Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case July 13, 2023 By Bob Van Voris A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the...
Chinese Hackers Accessed Government Emails, Microsoft Says July 12, 2023 By James Pearson and Christopher Bing Chinese state-linked hackers since May have secretly accessed email accounts at around 25 organizations, including U.S. government accounts, in a...
Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us July 12, 2023 By Chad Hemenway About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say...
Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says July 12, 2023 The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back...
No Liability Coverage Owed for Investor Losses Caused by Blue Bell’s Listeria Outbreak July 12, 2023 By Jim Sams A 2015 Listeria outbreak linked to ice cream sold by Blue Bell Creameries hospitalized 10 people and killed three. While...
Report: Top Emerging Liability Trends in the Professional Services Sector July 12, 2023 Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms...
FDA Classifies Recall of J&J’s Electrosurgical Tools as Most Serious July 12, 2023 The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson...
Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death July 12, 2023 By Jonathan Stempel A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl...
Gensler Asserts SEC Authority Over Crypto as Opponents Waver July 11, 2023 By Allyson Versprille Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol...
People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters July 11, 2023 WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure...