News

Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter. Sampo Oyj, which owns British general insurer Hastings Group, and Belgium-based Ageas have also …

People Moves: Marsh Promotes Lang, Aronson, Rouse in Placement Strategy; Chubb Expands Merna’s Role to Include Multinational Clients

Marsh Makes Global Senior Leadership Appointments Marsh, a business of Marsh McLennan, named Christopher Lang as digital leader, Marsh Specialty and Global Placement. In this newly created role, Lang leads Marsh’s digital global insurance placement strategy. Lang has spent the …

Deadly Spain Floods Show Difficulty of Adapting to Intense Rains

Floods that killed more than 150 people in eastern Spain this week were caused by a storm that dumped a year’s worth of rainfall in less than 24 hours. The tragedy has raised questions about whether earlier warnings could have …

Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says

Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed lawsuits alleging that its painkiller OxyContin spurred a deadly opioid-addiction crisis in the U.S., …

Abbott, Reckitt Score First Victory in Baby Formula Trial

Abbott Laboratories and a unit of Reckitt Benckiser Group Plc were cleared by a jury over claims they hid risks their premature-infant formulas can cause a bowel disease that severely sickened a baby boy. It was the companies’ first trial …

Companies Are Dropping the D or E From DEI to Avoid Criticism

After a backlash against DEI programs by conservative activists, a majority of executives in a new survey said that their companies have changed how the initiatives are described with reduced emphasis on racial diversity. Among more than 60 executives, slightly …

Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. The U.S. 11th Circuit Court of Appeals …

Delos in California Secures Another $9M Funding

Property insurance managing general agent Delos Insurance Solutions said it has raised $9 million through a Series A funding round led by HSBC Asset Management and includes IA Capital Group, Blue Bear Capital and Generation Space along with angel investors. …

Delaware Voters to Elect Insurance Commissioner

On November 5, Delaware voters will decide who will be the state’s insurance commissioner. Incumbent Trinidad Navarro is running for re-election. He won more than 70% of the vote in the Democratic primary in September. Navarro was first elected commissioner …

Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage

The University of Pennsylvania School of Nursing has been awarded a $3.2 million, five-year grant to develop an evidence-based secure firearm storage intervention at Children’s Hospital of Philadelphia (CHOP). The grant is from the National Institute of Nursing Research, part …

News Archives by Month