Commercial Lines
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
COVID Took a Big Bite From Multiline Insurers’ Earnings But Profit Remained: S&P
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit of $36 billion, according to a report published by S&P Global ...
Colonial Pipeline Attack Spurs Energy Company Quest for Cyber Insurance
U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan ...
Risk Alerts: Intellectual Property and Safety Risks for Cannabis Edibles
As more states have legalized recreational marijuana, the edibles market has seen a surge. But the choice by many manufacturers to market their products as candy look-alikes has opened the door for ...
Dealing With COVID WC Vaccine Liability When the Office Reopens
As the owner of my own company, a lot of work, research and tension has accompanied our reopening plans. While our team is extremely excited about seeing each other in person, as a business owner, ...
Chubb Awards $1.1M in New Philanthropic Grants to Fight Racism
Chubb said it is strengthening its efforts to fight racism in America's justice system through $1.1 million in new philanthropic grants. The money is divided into four grants designed to promote ...
MGA Corvus Pulls in Another $15M; Company Provides Smart Commercial Insurance Products
Corvus Insurance raised another $15 million that the Boston-based InsurTech startup will use to fuel further growth. The company, which debuted in 2017, is an MGA focused on providing smart ...