News
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6B Deal for Alleghany
At least one shareholder of Alleghany Corp. is unhappy with the insurer's agreement to be bought by Warren Buffett's Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court ...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
In a media statement Friday, Paris-based SCOR said the company expects a first-quarter 2022 charge in the high double-digit EUR million range for potential claims related to the Russia-Ukraine ...
Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout
A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked but reduced a nearly $137 ...
How Warren Buffett Does a Deal: Alleghany Merger Backstory
Berkshire Hathaway didn't require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in ...
Cyber Premiums Grew 74% in 2021: Fitch
According to estimates by Fitch Ratings, direct written premiums for standalone and packaged cyber insurance increased 74 percent to nearly $5 billion in 2021 compared with overall growth for the ...
South Carolina Insurance Director Farmer to Retire
South Carolina Department of Insurance Director Ray Farmer is retiring after nine years of service, effective April 15, 2022. Farmer was appointed to lead SCDOI in 2012 by former Governor Nikki ...
Executives on the Move at USAA, GEICO, Old Republic
USAA has named Julie McPeak as senior vice president, general counsel for Insurance. She will oversee both the P&C and Life Company legal teams for USAA. McPeak joins USAA from Root Inc., where ...
How to Succeed in Workers Comp: A Digital Distribution Playbook
Workers compensation is inarguably the most competitive line in the commercial lines insurance market this year. According to most broker and carrier market reports, it's the only one that has ...