Underwriting
DC Sues 4 Oil Companies, Alleging They Misled Consumers on Climate Change
The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for "systematically and intentionally ...
COVID-19 Could Be Most Expensive Event Ever for Insurers, Reinsurers: Guy Carpenter
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector's most expensive events, according to a report published by ...
Senators Propose Targeted Approach to Reform Internet Liability
Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their ...
Legal Experts: Bayer Hopes Science Will Prevent Future Roundup Lawsuits
Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal ...
Lemonade IPO Envisions Raising Up to $286M
Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp, said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains ...
Nationwide, Swiss Re Among Carriers Participating in Upcoming NYC InsurTech Accelerator Program
An accelerator for growth-stage InsurTech startups is launching in New York City this fall. Several carriers and brokers will be participating, including Nationwide, Swiss Re and more. InsurTech NY ...
COVID-19 Kicks Public Company D&O Rate Hikes Into Overdrive
Rate-hike pressures were already robust for directors & officers liability insurance, but COVID-19 has kicked that into overdrive, according to a new Marsh report. "Although the current market ...
Tropical Storm Dolly Becomes Fourth Named Atlantic Storm of 2020
Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic's fourth named storm of 2020, marking the third-fastest start to a storm season in more than a century. The ...