Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s misrepresentation of multi-factor authentication use. According to documents …
The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S. in order to win final court approval for the $2.7 billion proposal, a judge ruled. The decision by a federal …
Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The company’s core income fell to $625 million, or $2.57 per …
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured allegedly misrepresented its use of multifactor authentication (MFA) – a …
There is overwhelming public support across the globe for using renewable energy, according to a new survey out from the Yale Program on Climate Change Communication. The international survey was published on Wednesday. It was conducted in partnership with Data …
Federal law may prohibit states from regulating prices charged to insurers by air ambulance providers, but that doesn’t absolve the Workers’ Compensation Board of its responsibility to determine whether the billed charges are “usual and customary,” a split Kansas Supreme …
The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top cyber insurance underwriters are …
A new study by Travelers of workers compensation claims found that 35% of injuries occur during employees’ first year on the job, regardless of age or industry experience. “Our data underscores the importance of comprehensive onboarding and training programs for …
In the words of its CEO, there’s a “fair amount to pay attention to” from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11% to a record $8.4 billion. “Geopolitical risk is at a …
The Boy Scouts of America’s sexual abuse compensation fund should be rejected, a small group of victims say, because the proposal has the same legal flaw that ended a similar plan by bankrupt opioid maker Purdue Pharma LP. The Boy …
