Judge Questions 3M’s Use of Bankruptcy to Fight Veterans’ Suits July 28, 2022 By Steven Church The federal judge administering more than 230,000 lawsuits against 3M Co. questioned whether the industrial giant acted in good faith...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg July 28, 2022 By Chad Hemenway Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re July 28, 2022 Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than...
Allergan Poised to Pay More Than $2 Billion in Opioid Settlement July 28, 2022 By Jef Feeley AbbVie Inc.’s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed...
Applied Underwriters Debuts Entertainment & Sports Division July 28, 2022 Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company...
3M Unit Goes Bankrupt in Bid to Resolve Lawsuits Over Military Earplugs July 27, 2022 3M Co. put its Aearo Technologies unit into bankruptcy in a bid to resolve more than 230,000 lawsuits brought mainly...
People Moves: Mann New Verisk CFO; Furlong SVP at Acrisure Re; NFP Hires Michaelson to Energy Practice July 27, 2022 Verisk Names Elizabeth Mann Chief Financial Officer Elizabeth Mann has been named executive vice president and chief financial officer for...
‘Cryptojacking’ Attacks on Financial Firms Surged in First Half July 27, 2022 Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon July 27, 2022 Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher...
Ford Bronco Engine Failures Prompt US Safety Investigation July 27, 2022 Ford Motor Co.’s hot-selling Bronco sport-utility vehicle is the subject of a safety investigation by federal regulators for catastrophic engine...