Markets
Industry Associations Applaud Draft NFIP Reform Principles
Insurance industry associations are applauding the draft Principles for Flood Insurance Reauthorization and Reform issued by the House Financial Services Housing and Insurance Subcommittee. These ...
J&J Will Appeal $1B Verdict in Recent Artificial Hip Implant Trial
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip ...
U.S. Regulators Are Missing Commercial Drone Safety Violations: Govt. Report
U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. ...
Liberty Mutual’s Deal to Buy Ironshore Gets Favorable Rating Agency Responses
Liberty Mutual's recently-announced plans to buy Ironshore Inc. from Fosun International for $3 billion earned generally positive responses from A.M. Best, Standard & Poor's and Fitch Ratings. ...
Great American Insurance Chooses Gruber as New President and COO
Great American Insurance Group promoted a longtime executive to become its new president and chief operating officer. Gary Gruber will assume his new role with the Ohio-based company as of Jan. 1, ...
State Farm Loses Hurricane Fraud Case in U.S. Supreme Court
The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage ...
Apple’s Patent Infringement Award From Samsung Hit With SCOTUS Setback
The U.S. Supreme Court told a lower court to take another look at a $399 million award won by Apple Inc. from rival Samsung Electronics Co. for copying the design of the iPhone. The unanimous ...
Berkley’s High-Net-Worth Personal Lines Brand Debuts
W.R. Berkley Corporation, among the latest companies to embrace the high-net-worth market, has debuted its new personal lines brand focused on the space. It's called Berkley One. The line is set to ...