The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage? January 11, 2023 By William Rabb When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most...
Safety Agency to Consider Ban on Gas Stoves Amid Health Fears January 10, 2023 By Ari Natter A federal agency says a ban on gas stoves is on the table amid rising concern about harmful indoor air...
SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors January 10, 2023 By Chris Prentice The U.S. Securities and Exchange Commission on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto January 10, 2023 By Susanne Sclafane Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the...
Root Investigating at Least $9.5M Unauthorized Payments by Former Employee January 10, 2023 By Elizabeth Blosfield Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, is conducting an internal investigation into a series...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
No Coverage for Food Plant’s $2M Cost to Avoid Shutdown, Potential BI Claim January 9, 2023 By Jim Sams Ken’s Foods would likely have filed a $10 million business-interruption claim had it not spent $2 million to upgrade its...
Teva Says Opioids Settlement to Move Forward January 9, 2023 Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal January 9, 2023 Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash January 9, 2023 By Chad Hemenway Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners...