Commercial Lines
Appeals Court First to Rule in Favor of Coverage for COVID Shutdown
The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that ...
25 Years: The Journey of Cyber Insurance
This year marks the 25th anniversary of the cyber insurance market. While many industry observers view cyber coverage as a surging phenomenon in response to escalating incidence of random attacks, ...Sterling Jewelers Reaches $125M Settlement in Long-Running Sex Bias Case
Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14 years ago alleging sex bias in pay and promotions, according to a press ...
Google Agrees to Pay $118M to Settle Pay Equity Suit
Alphabet Inc.'s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, law firms representing the women said in a statement. In addition, an ...
Supreme Court Refuses to Hear COVID Business Interruption Case
The U.S. Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such ...
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
Amazon Accused of Obstructing House Probe of Deadly Tornado
Amazon.com Inc. is obstructing a congressional investigation of a deadly December tornado by failing to provide documents about emergency preparedness and communications with workers during the ...Tesla Faces Increase in Complaints Over ‘Phantom Braking’
Tesla Inc. is facing stepped-up scrutiny from U.S. regulators who have received 758 complaints of cars made by the company that suddenly brake at high speeds—more than double the number of reported ...