Commercial Lines
Lloyd’s Comes Up With ‘Robust Plan of Action’ to Address Sexual Harassment Reports
Lloyd's is releasing "a robust plan of action to address reports of sexual harassment in the Lloyd's market and create a safe and inclusive working environment." The plan includes possible lifetime ...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe Departs
Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring on two executives in newly created roles, and a third leader is leaving the company. The Bermuda-based insurance ...
Global Emissions Reach Record, Thanks to Growing Energy Demands
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and ...
Federal Judges Cracking Down on Cozy Class Action Deals
Federal judges in California are cracking down on warped incentives in class-action lawsuits, exerting tighter oversight of settlements that provide hefty fees for plaintiff lawyers but no meaningful ...
Next Insurance: How We’re Overcoming the Roadblocks of Commercial Auto
When Next Insurance launched its commercial auto insurance coverage in September 2018, one frequently asked question—whether Next had such an offering—gave way to another: Why was Next Insurance ...
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, ...
J&J, Bayer Settle 25,000-Plus U.S. Xarelto Suits for $775 Million
Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding for a ...