Underwriting
OxyContin Maker Purdue Settles Oklahoma Opioid Case for $270 Million
OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of ...
House Committee Considers NFIP Reauthorization, Plus 3 Flood Insurance-Related Bills
A Congressional House committee pursuing reauthorization of the National Flood Insurance Program is also considering a number of related legislative proposals beyond the NFIP's renewal. In all, four ...
Activist Fund Pursues Removal of SCOR CEO as Chairman Over Thwarted Takeover Attempt
French activist fund CIAM will ask reinsurance company SCOR's CEO Denis Kessler to surrender the chairmanship of the company's board after he thwarted a takeover attempt earlier this year. CIAM, ...
FEMA Botches Handling of Personal Data From 2 Million Disaster Victims
The Federal Emergency Management Agency improperly released the personal data of some 2.3 million survivors of hurricane and wildfire disasters to a contractor, the Department of Homeland Security's ...
Berkshire Hathaway Direct: ‘Challenging the Normal’ With Three Pages
For most property/casualty actuaries, routine parts of the job involve finding comfort with insurance pricing levels and claims trends, grounded in a thorough understanding of the parameters of ...
Climate Activists Push for Disclosure of Insured Fossil Fuel Projects
More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first ...
The Latest Launches From W.R. Berkley, AmWINS/Alliant and USAA/Roost
A W.R. Berkley unit expanded its product offerings to include a primary private company management liability policy. AmWINS Group Inc. and Alliant Insurance Services are partnering to service the ...
BriteCo Brings Rapid Fine Jewelry Coverage to the Insurance Marketplace
On March 20, BriteCo disclosed it has raised a $2 million seed financing round. This cash infusion will help the Illinois-based startup ramp up its business plan: partnering with jewelers to help ...