Specialty
California Utility Will Pay $1B to Settle Fire Claims With Local Governments
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the ...
Bank of England to Lloyd’s: Make Progress in Tackling Sexual Harassment
The Bank of England called for Lloyd's of London to demonstrate progress in tackling the insurance market's culture of sexual harassment. The BOE's director of insurance supervision Anna Sweeney said ...
Executives On The Move From W.R. Berkley Corp. and AGCS
W.R. Berkley Corp. brought in a new executive to lead its Berkley Select Unit. Allianz Global Corporate & Specialty rearranged the management team roles its Specialty business segment. *** W.R. ...
InsurTech Startups Will Scale Up and Mature in 2019, and Other Predictions
The insurance technology, or InsurTech sector has seen much technological and investment development over the past few years. Traditional insurance business lines such as health, auto, and commercial ...
As Disappointed Shareholders Take Aim at IPOs, D&O Insurance Market Tightens
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. ...
How Daubert Standard Could Impact Florida Industry, Judicial Climate
The Florida Supreme Court has reversed a prior court's decision to use a nearly 100-year-old standard on expert witness testimony and instead adopted stricter federal standards currently used by a ...
S&P Changes Lloyd’s A+ Rating Outlook to ‘Stable’ from ‘Negative’
On Friday, S&P Global Ratings announced that the rating agency revised the outlook on its ratings on Lloyd's, the Society of Lloyd's, and its core subsidiaries to stable from negative, also ...
Product Defect Lawsuit Filed Against U.S. Cos. in London’s Grenfell Tower Fire Disaster
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London's Grenfell tower fire. The fire, which has been called the ...