Ralph Lauren Suit Alleges Fraud by Insurer Refusing to Cover Coronavirus Losses August 11, 2020 By Andrew G. Simpson Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of...
Houston Rockets Becomes First NBA Team to Sue Insurer Over Denied Covid-19 Claims July 16, 2020 By Jef Feeley and Katherine Chiglinsky The Houston Rockets and billionaire owner Tilman Fertitta are suing their insurer for denying the National Basketball Association team’s bid...
FM Global Opens $16M Electrical Hazards Laboratory in Rhode Island October 17, 2019 Commercial property insurer FM Global has opened a $16 million Electrical Hazards and Gas Detection Laboratory at its 1,600-acre Research...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey July 31, 2019 Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of...
Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008 June 17, 2019 By Brian K. Sullivan In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a...
Luxembourg Attracts 50 Firms for Their Post-Brexit EU Headquarters March 12, 2019 By Jones Hayden Luxembourg said it is “very pleased” that about 50 asset managers, insurers, and other financial firms have looked to the...
FM Global Names Fidler SVP, Chief Human Resources Officer in Rhode Island December 31, 2018 FM Global, a commercial and industrial property insurer, has named Deanna Fidler as senior vice president and chief human resources...
Every $1 Spent in Hurricane Protection Lowers Property Loss Exposure by $105 June 28, 2018 Every $1 a business spends on hurricane protection reduces loss exposure by an average of $105. That’s based on an...
FM Global’s Chief Operating Officer Hall to Retire; 2 Leadership Appointments Announced May 3, 2018 Jonathan W. Hall, chief operating officer of commercial and industrial property insurer FM Global will retire on July 1, 2018,...
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire October 23, 2017 By Carolyn Cohn Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding...