Commercial Lines
State Farm Acquires Naming Rights in NFL, NBA Stadium Deals
One of the sports world's biggest advertisers, State Farm doubled down this week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State ...
British Airways Data Hack Exposes Airline to Fines Under New EU Data Rules
British Airways may become the first high-profile company to run afoul of Europe's far-reaching data privacy rules -- and face potentially hefty fines -- after a computer hack compromised credit card ...
The Latest Launches From Aon and Sompo International
Aon is targeting silent cyber exposures with a new product. Sompo International Holdings Ltd. rolled out a new financial and professional lines platform encompassing insurance and reinsurance ...
XL Catlin Launches New Satellite Cover Addressing Launch and Deployment Risks
XL Catlin is expanding its space insurance offerings. The global insurer and reinsurer—soon to be acquired by France's AXA—disclosed it is launching space insurance coverage for satellite owners, ...
Alliant Acquires Firm That Advises on Commercial Real Estate Loans
Broker Alliant Insurance Services acquired Harbor Group Consulting, a national firm that handles insurance advisory services for commercial real estate loans. Neither side is disclosing financial ...
Japan Pushes to Restore Power After Quake Causes Record Blackout, Injuries, Business Interruption
Japan's northern island of Hokkaido began to restore power after a strong earthquake overnight knocked out electricity throughout the entire prefecture of more than 5 million people. The magnitude ...
State Farm Resolves Racketeering Trial With $250M Settlement
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. ...
Age Discrimination Hiring Practices Targeted by Upcoming Court Cases
Dale Kleber is an experienced attorney, but when he spotted an ad back in 2014 for a corporate law position at a medical device and services company that specified "no more than seven years of ...