Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn January 4, 2023 By Hannah Lang Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators...
Santiago Named RIMS 2023 President January 3, 2023 RIMS today announced that Jennifer Santiago will lead the Society as president for the 2023 term, effective January 1. Santiago...
Southwest Airlines Is Sued for Not Providing Refunds After Meltdown January 3, 2023 By Jonathan Stempel Southwest Airlines has been sued by a passenger who said it failed to provide refunds to passengers left stranded when...
Bankruptcy Court Approves $121M Clergy Abuse Settlement January 3, 2023 A federal bankruptcy judge approved a $121 million reorganization plan for one of the oldest Roman Catholic dioceses in the...
Cyber Insurance Themes to Look Out for in 2023 January 3, 2023 By Oliver Brew, Lockton Re As the Roman God Janus (for which of course the month January takes its name) reflects both looking backwards and...
Banks Seek to Quash Women’s Lawsuits in Jeffrey Epstein Case January 3, 2023 Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should...
U.S. Sues AmerisourceBergen, Says Distributor Helped Ignite Opioid Epidemic January 3, 2023 By Jonathan Stempel, Nate Raymond and Gram Slattery The U.S. government filed a lawsuit accusing AmerisourceBergen Corp., one of the nation’s largest drug distributors, of helping ignite the...
Boy Scouts, Catholic Dioceses Find Haven From Sex Abuse Suits in Bankruptcy January 3, 2023 By Kristina Cooke, Benjamin Lesser and Mike Spector Lawmakers around the United States have tried to grant justice to victims of decades-old incidents of child sexual abuse by...
$5.4B Insured Losses from Winter Storm Elliot: KCC December 29, 2022 Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according...
Insurance M&A Activity Slowed in 2022: S&P December 29, 2022 Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped...