News
‘Master of Disaster’ Class Action Lawyer Dies
Stanley Chesley, a class-action lawsuit pioneer who took on cigarette companies and the makers of faulty breast implants until his legal career ended amid accusations of unethical conduct, has died ...
Insurance Tech Firm Exzeo Raises $168M in U.S. IPO
Insurance technology firm Exzeo Group raised $168 million in its U.S. initial public offering on Tuesday, pricing its shares within its marketed range and becoming the latest insurance company to ...
Chubb Group Vice Chair Lupica to Retire at 2025 End
John Lupica, vice chairman of Chubb Group and executive chair of North America Insurance, is retiring at the end of the year. John Keogh, president and chief operating officer of Chubb Group, will ...
Truckers Seek Detours Around Rising Costs and Litigation
The COVID-era boom in trucking is definitely over. The trucking sector is experiencing one of its most challenging times, with trucking operators' profitability dropping across all sectors, total ...
UBS Warns of Systemic Risk From Weak U.S. Insurance Regulation
UBS Group AG's chairman warned against looming risks in the U.S. insurance industry, citing weak and complex regulations amid an unprecedented boom in private financing. "We're beginning to see huge ...
Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of $70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest ...
Economy, Lawsuit Abuse, Insurance, Parking Top Trucking Industry Concerns: ATRI
The latest Top Industry Issues report, highlighting the U.S. trucking industry's leading issues, showed that while the economy led motor carrier concerns, lawsuit abuse reform, insurance cost and ...
NASCAR Driver Kyle Busch Alleges Deceptive Practices, Sues Insurer for $8.5M
Kyle Busch bought what he thought was a safe life insurance plan that would provide self-funding income for his retirement. When Pacific Life Insurance Company sent a sixth premium notice on what was ...