EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules July 28, 2022 By Foo Yun Chee The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce...
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....
Hilb Group Acquires King and Cushman Agency in Massachusetts July 28, 2022 The Hilb Group has acquired Massachusetts-based King and Cushman Agency, further expanding the company’s presence throughout New England. Based in...
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...
California City Paying $1.5M to Fired Police Chief After Verdict July 28, 2022 The Oakland City Council approved a $1.5 million payout for a former police chief who won her whistleblower claim against...
AmTrust Title Agrees to Pay $1.25M to New York State Over ‘No-Poach’ Agreements July 28, 2022 A title insurer and its agency have agreed to pay $1.25 million in penalties for engaging in “no-poach” agreements with...
Maryland Man Died When Hit in Road After Lyft Driver Ordered Him Out of Car: Police July 28, 2022 A Maryland man has died after police say his Lyft driver ordered him out of the car in the middle...
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...
Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters July 28, 2022 By L.S. Howard Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in...