News
CVS Not Covered by Insurance for Opioid Lawsuits: Delaware High Court
CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation's opioid crisis, Delaware's highest court ruled on Monday. The ...
Carrier Revenue Growth Expected to Outpace Hiring in Next Year
Approximately 81 percent of insurance companies expect to increase their revenue in the next 12 months, but only about 53 percent expect to increase their staff in that same period, according to a ...
W.R. Berkley Forms Berkley Edge; Tailored to Small, Mid-Sized Biz
W.R. Berkley Corp. announced the formation of Berkley Edge, a new business providing professional liability and casualty insurance for small to mid-sized businesses. Berkley Edge will focus on ...
Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously ...
Another Carrier Sets Up Shop in Florida: Vision Insurance Exchange
Regulators have approved another new property insurer for the Florida market – Vision Insurance Exchange – led by former Florida Peninsula Insurance CEO Roger Desjadon. The Cape Coral-based ...
Fall Forecast Calls for Above Normal Temps, Mixed Precipitation Across U.S.
A warmer-than-average fall is expected this year, according to the National Weather Service Climate Prediction Center's August-October Outlook. As El Niño Southern Oscillation (ENSO)-neutral ...
Judge Rules Tesla Drivers Can Pursue Class Action Over Self-Driving Claims
Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company's electric vehicles. U.S. District ...
Hurricane Erin Bounces Through Categories, Keeps Forecasters Guessing
Hurricane Erin weakened to a Category 3 hurricane on Sunday, with its outer bands lashing the Virgin Islands and Puerto Rico. As forecasters warned of a growing risk of life-threatening surf and rip ...