Risk
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
Bayer Risks Resumption of U.S. Roundup Suits After Failing to Settle Cases
Bayer AG failed to settle outstanding U.S. Roundup lawsuits by Monday, the deadline set by a judge who has said he'll resume federal trials over claims the weedkiller caused consumers' cancer. Ahead ...
Russia-Based Ransomware Group Reportedly Poised for More U.S. Hospital Attacks
A Russia-based ransomware group responsible for a new wave of attacks against U.S. hospitals is laying the groundwork to cripple at least ten more, according to the cyber-security firm Prevailion ...
Kemper’s Produces Relatively Steady Q3
Kemper Corp's Q3 net income dipped slightly, though that decline would have been worse if not for after-tax gains in assessments and investments. The company reported $122.3 million in net income ...
Federal Judge Dismisses Amazon Warehouse Workers’ COVID-19 Safety Lawsuit
A federal judge dismissed New York warehouse workers' lawsuit against Amazon, ruling that their allegations about the company's handling of the COVID-19 pandemic should have been brought to the ...
Battle Over UK Business Interruption COVID-19 Test Case Continues Nov. 16
The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the ...
CNA Turns a Q3 Profit; P/C Combined Ratio Surpasses 100
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net ...
Tropical Storm Eta Becomes 2020’s 28th Named Atlantic Storm
Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records ...