Commercial Lines
New CEO at Comp Carrier Pinnacol Set to Deal with Workforce Changes
John O'Donnell picked an interesting time to change jobs. The way the world works is radically changing, and just as the pandemic—apparently—wanes, he's taking the helm of a large workers ...
Marsh to Exit Russia; Aon Suspends Operations
Marsh McLennan, the world's largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the ...
How Sanctions Against Russia Are Hitting Global Aviation Industry
Russia's size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to ...
J&J’s Controversial Prison Testing Resurfaces in Baby Powder Lawsuits
More than 50 years ago, nearly a dozen men incarcerated outside of Philadelphia enrolled in an experiment funded by Johnson & Johnson, according to unsealed documents. Now, those studies have ...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported ...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims
A multibillion-dollar bill is coming due for the U.S. opioid epidemic, and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware ...
Zywave Agrees to $11M Fund to Settle ITC Data Breach Lawsuit
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit ...
UN Report Details Extent of Climate Change on Gulf Coast
Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020, ferocious winds from Hurricane Laura destroyed homes across coastal Louisiana. Hurricane Ida hit ...