A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …
As the insurance industry begins to settle into the new norm of working from home (WFH), most companies will be questioning the very fundamentals of their day-to-day operating models. Staff will, of course, be looking forward to the day when …
The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …
U.S. consumer advocates are urging Congress to resist growing demands by companies for protections from coronavirus-related lawsuits as states start to ease pandemic restrictions and businesses begin to reopen. Led by Public Citizen and the Center for Justice and Democracy, …
Several Nevada drivers are set to receive premium refunds for their auto insurance policies as a result of less claims being paid as Nevadans continue to stay at home during the COVID-19 crisis. “There are fewer cars on the road …
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. …
Between March 22 and April 22, Louisiana Workforce Commission (LWC) paid out $561,358,411 in total benefits to over 302,000 Louisianians whose employment has been impacted by the COVID-19 pandemic. By comparison, in all of 2019 LWC paid a total of …
Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according to Willis Re’s latest Reinsurance Market Report. This was primarily driven by 2019’s strong investment market performance and was achieved …
Alabama Gov. Kay Ivey on Tuesday said that retail stores, beaches and non-emergency medical procedures can resume, with limits, later this week as she announced a loosening of state restrictions because of the coronavirus outbreak. Ivey, a Republican, said a …
Assisted Living Concepts LLC, doing business as Enlivant, a national owner and operator of senior living facilities, has settled a federal disability discrimination lawsuit related to a facility in Dallas, Texas. The company will pay a former chef $66,000 and …
