Commercial Lines
COVID-19-Related Labor, Material Price Hikes Propelling Property Claim Cost Increases
The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration on ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
Zurich Insurance Reportedly Close to Buying Deutsche Bank’s Italian Advisers Unit
Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG's Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to ...
FDA Slaps ‘Most Serious’ Label on Philips Ventilator Recall Over Low Oxygen Risk
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause ...
COVID Variant, Disasters Cripple Global Supply Chains
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains ...
New Securities Class Actions Decline 25% in First Half of Year
Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the ...
Ireland Looks to Boost Penalties for Senior Executives for Company Failings
DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 ...CNA Finished Strong in Q2 After Ransomware Attack
CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very ...