Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial July 29, 2022 By Tom Hals Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a...
People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire July 29, 2022 AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted...
Biden EPA to Tackle Coal Industry Carbon With Rules on Other Pollutants July 29, 2022 By Valerie Volcovici The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best July 29, 2022 Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an...
Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency July 29, 2022 By L.S. Howard The industry’s blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. “The directors, following consultation...
Director of 9/11 Fund Picked to Estimate Cost of J&J Talc Claims July 29, 2022 By Steven Church The lawyer who oversaw payments to victims of the Sept. 11 terrorist attacks will be appointed by a federal judge...
U.S. Financial Stability Oversight Council to ID More Climate-Related Risks July 28, 2022 By Don Jergler The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year published...
Lemonade Closes Deal for Auto Insurer Metromile July 28, 2022 Digital insurer Lemonade said it has closed of the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction....
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...