Markets
Jury Orders Costco to Pay $5.5M for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled ...
The Hanover Expands Coverage for Small Business Owners
The Hanover Insurance Group Inc. has significantly enhanced its business owner's policy (BOP) base form and product offerings, adding coverages and endorsements, introducing equipment breakdown ...
CNO Financial Severs Beechwood Re Ties, Files Suit Over Hedge Fund Exposure
CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by ...
Cyber Firm Asserts Yahoo Hack Was Work of Eastern European Criminal Gang
A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a ...
New 9/11 Law Allowing Lawsuits Against Saudi Arabia May be Narrowed
U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease ...
The Latest Launches From Aon and Liberty Mutual
Aon developed a new cyber risk policy, designed, in part, to address "Internet of Things" risks. Liberty Mutual has two new excess casualty coverage products. *** Aon Risk Solutions says it has ...
The Hartford/UCLA Anderson Forecast Will Study Mysteries of Small Businesses
The Hartford said it has formed a new research partnership designed to help it better understand the evolving small commercial insurance market. Of particular concern: why the rate of net new ...
Typhoon Meranti China Insured Losses Estimate Surpasses $1B: AIR Worldwide
Mainland China could be dealing with more than $1 billion in insured losses from damaged caused by Typhoon Meranti once final tallies are in, AIR Worldwide said. The catastrophe modeling firm ...