Commercial Lines
Purell Under Fire in Three Lawsuits Alleging Germ-Killing Shortfalls
Everyone's favorite hand sanitizer may have to stand trial for claiming it can stop you from getting sick. A trio of lawsuits has hit Purell's maker, Gojo Industries Inc., since the World Health ...
Altamont Capital’s Plan to Acquire Topa Insurance Has Been Suspended
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa ...
Johnson & Johnson Will Pull Talc Baby Powder From U.S., Canada
Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand had dropped in the wake of what it called "misinformation" about ...
InsurTech Coalition Raises $90 Million to Fuel Cyber Insurance Global Growth Plan
Coalition, an InsurTech startup focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global ...
DataCubes Becomes Convr, and Its CEO Explains Why
DataCubes has changed its name. Moving ahead, it will now be known as Convr (pronounced "con-ver.") The Illinois-based InsurTech startup launched in 2016 with an AI-focused platform designed to help ...
Cyber Attack Targets easyJet, Netting Personal Details for 9 Million Customers
A cyber attack on British airline easyJet accessed the email and travel details of around nine million customers, as well as the credit card details of more than 2,000 of them, it said on Tuesday. ...
Sony Will Take Full Control of Listed Financial Arm for $3.7B
Sony Corp said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal ...
Ethiopian Airlines Expects Boeing 738 MAX Compensation Agreement by June 30
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam ...
Executives On The Move at QBE and Great American
QBE North America hired a former Chubb executive as its new Chief Human Resources Officer. Great American Insurance Group named a new divisional vice president within its Ocean Marine division.