Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination April 24, 2024 By Chad Hemenway Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance April 24, 2024 By Arun Balakrishnan Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize...
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review April 24, 2024 AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer...
Omaha National Acquires Sutter Insurance in California April 24, 2024 Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty...
Property Owner Sued for Negligence in Hiring of Worker With Criminal Record April 24, 2024 By Lea Skene April Hurley’s attacker entered her apartment after identifying himself as the building maintenance man — a job he should never...
Hawaii Lawmakers Take Aim at Vacation Rentals After Wildfire Amplifies Housing Crisis April 24, 2024 By Audrey McAvoy Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town...
UnitedHealth Says Hackers Possibly Stole Large Number of Americans’ Data April 24, 2024 By Manas Mishra and Zeba Siddiqui UnitedHealth Group said on Monday that hackers stole health and personal data of potentially a “substantial proportion” of Americans from...
Iowa Governor Signs Bill Lowering Reinsurance Tax for Captive Companies April 23, 2024 Iowa will lower the amount of reinsurance tax due from some captive companies under a bill signed by Governor Kim...
Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting April 23, 2024 By Chad Hemenway Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to...