Markets
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the ...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black policyholders versus claims from white ...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as well as an influx of new ...
Munich Re U.S. CEO Kuczinski to Retire at Year’s End
Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re U.S. P&C Companies and of Munich Re U.S. Holding Inc., effective Dec. 31, ...
Most Small SUVs Flunk Updated Insurance Industry Crash Tests
Most small SUVs flunked the latest frontal crash tests done by the insurance industry, but oddly enough, they're just as safe as they were before. That's because the Insurance Institute for Highway ...
‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows
Too many companies are failing to respond to environmental transparency requests, nonprofit platform CDP said on Tuesday, after only 1.3 percent of firms scored an "A" based on their climate change, ...
3M Faces Claim in Netherlands Over ‘Forever Chemicals’ Pollution
The Netherlands's government is exploring its legal options against chemical giant 3M over pollution in the Dutch part of the Scheldt River. For years, the company's Antwerp, Belgium-based factory ...