Mass. High Court Upholds Consent-to-Settle Clause in Malpractice Policy December 20, 2019 By Jim Sams Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
Canadian Lab Test Firm, LifeLabs, Pays Ransom After Data Breach December 20, 2019 Lab test provider LifeLabs said Tuesday that it paid a ransom to secure data for Canadians that was stolen in...
Legacy Acquirer DARAG Completes Portfolio Transfer with Germany’s SOVAG December 20, 2019 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has closed the portfolio transfer with German re/insurer SCHWARZMEER UND OSTSEE...
Deadly Danish Train Accident Caused by Improperly Secured Trailer: Report December 20, 2019 Danish authorities say a deadly accident in which a high-speed passenger train struck a semi-trailer that fell off a freight...
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey December 20, 2019 Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney December 20, 2019 By David Goodman and Jessica Shankleman Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney...
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten December 20, 2019 By Amy O'Connor Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite...
Texas Regulators Want Stiffer Penalty for Owner of Port Neches Plant That Exploded December 20, 2019 By Kiah Collier, The Texas Tribune Environmental and watchdog groups have long criticized the Texas Commission on Environmental Quality for taking it too easy on polluters...
Cedar Rapids Proposes $3M Settlement in Suit Over Traffic Camera Ticket Fines December 20, 2019 Thousands of people whose state income tax refunds were withheld to pay Cedar Rapids, Iowa, traffic camera tickets would get...