Commercial Lines
Cosby Accuses AIG of Reaching Unauthorized Settlement in Sex Abuse Suits
Seven women who said Bill Cosby sexually assaulted them decades ago and then labeled them liars by denying it have settled defamation lawsuits against the imprisoned actor. Court documents filed ...
Microsoft Insurer Fails to Recoup $175M from Xbox Chipmaker Hit by Fire
Microsoft Corp.'s captive insurer has lost its bid to recover $175 million in costs the software maker said it incurred in 2013 to replace memory chips that a manufacturer failed to deliver because ...
Finance Companies in the UK Make Little Progress in Reducing Gender Pay Gap
Women working in the U.K.'s financial-services industry are seeing little improvement in their pay parity with male colleagues, according to the latest batch of disclosures as this year's reporting ...
Climate Change Activists Are Suing Shell Over Fossil Fuel Usage
Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels. The ...
Veteran Nationwide CEO Rasmussen Plans to Retire; Succession Search Is Underway
Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen's last official day as CEO will be Oct. 1, 2019, capping more than 10 ...
Travelers Claims Progress Reducing Opioid Use Among Injured Construction Workers
The Travelers Companies, Inc. claims it has had some success reducing the use of opioids among insured construction workers it covers. The property/casualty insurer said there has been close to a 40 ...
Executives On The Move at Munich Re U.S. and Starr Insurance Companies
A former Hiscox executive is joining Munich Re America to be chief operating officer for Munich Re Specialty Insurance, a new commercial insurance unit in North America. Starr Insurance Companies ...
Insurance Claims in U.S. Renewable Energy Market Are on the Rise
The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark ...