Samsung Blames Minor Battery Defect for Galaxy Note 7 Smartphone Recall September 13, 2016 By Yoolim Lee and Sohee Kim Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones...
Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding September 13, 2016 Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017,...
R&Q Acquires Royal London General Insurance in Run-Off September 13, 2016 Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company...
Liberty Mutual Giving Consumers a Voice in Insurance via Amazon’s Alexa September 13, 2016 Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service...
New Hampshire Prep School Sued Over Withdrawing Student Who Had Sex September 13, 2016 By Kathy McCormack A New Hampshire prep school criticized for how it has handled sexual misconduct and assault cases is facing a federal...
Arch Coal Ends Self-Bonding, Agrees to Fund Future Mine Cleanups to Exit Bankruptcy September 13, 2016 By Tracy Rucinski U.S. coal miner Arch Coal has agreed to set aside collateral to cover future mine cleanup costs as part of...
Hartford Officials Refuse to Pay if Damages Awarded in Police Officer Lawsuit September 13, 2016 By Dave Collins Officials in the city of Hartford have reversed their position and now say they won’t pay damages that might be...
Court Reinstates Whistleblower Retaliation Claim Against JPMorgan September 13, 2016 By Jonathan Stempel A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank...
Maryland Insurance Administration’s Hatchette Joins Maryland Commission on Aging September 13, 2016 Governor Larry Hogan has appointed Joy Hatchette to the Maryland Commission on Aging, in which she will be one of...
Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous September 13, 2016 By L.S. Howard It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at...