Claims / Legal
Business Groups Muted About Biden Vaccine Mandates
Republicans on Friday vowed to fight U.S. President Joe Biden's new vaccine mandate covering big companies and federal employees, but business groups that often agree with them on issues like taxes ...
Reduced Insurance Cover Leaving Offshore Operators With Big Ida Losses
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk modeling ...
Cognizant Expects Carriers to Foot Bill for $95M Bribery Lawsuit Settlement
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to ...
COVID-19 Claims Are Placing ‘Considerable Burden’ on Global Reinsurers
Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business ...
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...
Boeing Shareholders Allowed to Sue Company Over Two Fatal 737 MAX Crashes
A Delaware judge ruled on Tuesday that Boeing's board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor ...
Making Connections
"All Black folks have a drawer." The comment may have gone unnoticed at an insurance gathering last year, when Sylvia Alston, managing partner of Momentum Risk Partners, tossed it out quietly as she ...
Allianz Investment Funds Under Investigation in Germany
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge ...