Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23 May 16, 2019 The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on...
Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh May 16, 2019 Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed May 16, 2019 Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the...
Musk Battles Defamation by Tweet Claim Brought by British Diver May 16, 2019 A British diver who is suing Tesla CEO Elon Musk for defamation can’t recover damages because the diver allegedly started...
Colorado Begins Work on New Safety-Focused Oil and Gas Rules May 16, 2019 Colorado oil and gas regulators are outlining some of their first planned rule changes under a new law that makes...
California Dioceses Creating Abuse Compensation Program May 16, 2019 Six Roman Catholic dioceses in California are creating a program to compensate people who were sexually abused by priests as...
A.I.M. Mutual Expands Workers’ Comp Coverage to Maine May 16, 2019 After 30 years as a workers’ compensation insurance carrier in New England, A.I.M. Mutual has announced its expansion of coverage...
U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain May 16, 2019 By Sijia Jiang and Michael Martina The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global...
Maryland Businessman Pleads Guilty to Stealing Up to $1.5M in Wine May 16, 2019 A Maryland man pleaded guilty Tuesday to embezzling up to $1.5 million in upscale wine from customers who paid him...
Maker of OxyContin Gets Hit with Another State Lawsuit May 16, 2019 By Geoff Mulvihill The company that makes OxyContin did not stop pitching the powerful opioid painkiller to doctors even when its sales representatives...