India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources February 18, 2022 By Scott Murdoch, Aftab Ahmed and Nupur Anand A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at...
Texas Power Company Says Hartford Has Duty to Defend Uri Suits February 18, 2022 A Texas generation and transmission cooperative is suing its insurer for failing to defend the company against multiple lawsuits stemming...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks February 18, 2022 By Nichola Saminather Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and...
State Farm Sues Tesla For $1.2 Million Over Indiana Car, Garage Fire February 18, 2022 State Farm filed a $1.2 million subrogation claim against Tesla in Indiana federal court on Feb. 16, alleging negligence and...
Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil February 18, 2022 By Mauricio Savarese and Mario Lobao PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
Appeals Court Finds GEICO Did Not Act in Bad Faith in Fatal Florida Crash Claim February 18, 2022 By William Rabb In a case that went all the way to the federal appeals court level, a panel of judges has found...
People Moves: The Liberty Insurance Brokers in California Names Ahuja COO; Cruz Regional Vice President of Kinetic Insurance February 18, 2022 The Liberty Insurance Brokers named Sonia Ahuja chief operating officer. Ahuja has more than 25 years of experience in the...
Washington Roofing Manufacturer Fined $100K in Worker Death February 18, 2022 The failure to follow lockout/tagout procedures was directly connected to the death of a worker in Sumas, Washington, when an...
U.S. Investigates 416,000 Tesla Vehicles Over Unexpected Braking February 18, 2022 By David Shepardson The National Highway Traffic Safety Administration (NHTSA) said Thursday it is opening a formal investigation into 416,000 Tesla vehicles over...