Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter September 10, 2019 By Susanne Sclafane Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out...
TV Show ‘Young Sheldon’ Fined for Fake Tornado Warning September 10, 2019 The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures September 10, 2019 By L.S. Howard Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this...
Title Insurers Fidelity National, Stewart Information Call Off Merger September 10, 2019 Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the...
Judge Permits Nationwide Privacy Lawsuit Against Facebook to Proceed September 10, 2019 By Jonathan Stempel A federal judge on Monday ordered Facebook Inc. to face most of a nationwide lawsuit seeking damages for letting third...
Medical Association Calls for Americans to Stop Vaping as Illnesses, Deaths Rise September 10, 2019 By Julie Steenhuyse The American Medical Association on Monday urged Americans to stop using electronic cigarettes of any sort until scientists have a...
Judge Rejects Purdue Effort to Dismiss Claim Opioids Are Public Nuisance September 10, 2019 By Jonathan Stempel The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP’s effort to dismiss claims...
Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events September 9, 2019 As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report...
Guy Carpenter’s Holtmeier Joins BMS as U.S. Reinsurance Chief Strategy Officer September 9, 2019 Reinsurance brokerage BMS Group announced the appointment of Gregg Holtmeier as chief strategy officer of its U.S. reinsurance operations. With...
Cigna Plan Will Cover Expensive Breakthrough Gene Therapies September 9, 2019 Health insurer Cigna Corp. said on Thursday it had introduced a plan to fully cover costs for expensive gene therapies,...