Temporary Fix Keeps National Flood Insurance Operating but Only Until Nov. 17 October 2, 2023 By William Rabb Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after...
Court Orders Subway Franchise Owners in California to Pay Workers Nearly $1M October 2, 2023 A federal court ordered the owners of 14 Subway locations north of San Francisco to pay employees nearly $1 million...
People Moves: Aspen Promotes Bianconi to Global Head of Cyber; WTW’s Corporate Risk & Broking Unit Taps Marsh’s Beldy Torborg for 2 Exec Roles October 2, 2023 Aspen Promotes Bianconi to Global Head of Cyber Bermuda-based Aspen Insurance Holdings Ltd. has appointed Bobby Bianconi as global head...
Trump Trial on Business Fraud Charges to Begin Today in New York October 2, 2023 By Michael R. Sisak An appeals court Thursday rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s...
Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage October 2, 2023 Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s...
Freight Rates for Grain Exports via New Black Sea Corridor Fall Sharply, Ukraine Says October 2, 2023 By Pavel Polityuk A new corridor allowing cargo vessels to carry Ukrainian grain and iron ore from Black Sea ports has significantly lowered...
Don’t Expect the Same Raise You Got Last Year: Surveys October 2, 2023 By Matthew Boyle Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who...
Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks October 2, 2023 Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings...
Guess Board Agrees to Settle Co-Founder Marciano’s Harassment Case; Insurers Sued October 2, 2023 By Jef Feeley Guess? Inc. directors agreed to a settlement worth as much as $30 million to resolve claims they turned a blind...
Homeowners Unprepared for Non-Weather-Related Water Damage: Report October 2, 2023 Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance...