U.S.
Apple Must Face Part of Suit Alleging Fraudulent Concealment of iPhone Demand
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder ...
Willis Towers Watson Slapped With Shareholder Suits Over Its Planned Sale to Aon
There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
Complications Grow for Business Income Insurance
As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in ...
Pandemic Losses Will Exceed S&P Estimates: Chief Risk Officers Say
Analysts for Standard & Poor's Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. Risk officers speaking at a rating agency ...
Global Warming Increasing Frequency of 100-Year Rainstorms: Risk Alerts
Global warming is intensifying rainstorms in North America. Rats are becoming more aggressive in their hunt for food due to pandemic lockdown measures.***
If the ...
InsurTech Betterview Pulls in $7.5M Financing Round From Guidewire, Others
InsurTech startup Betterview raised $7.5 million in new funding to fuel expansion of its AI technology that helps P/C carriers spot and manage property ...
The Latest Launches From Neptune Flood and Cowbell Cyber
Neptune Flood is now offering commercial flood insurance in 48 states for small and mid-sized businesses. Cowbell Cyber formed a new partnership to help boost its cyber offerings.
Argo Settles SEC Investigation Into Executive Pay Practices
Argo Group will pay $900,000 to settle a U.S. Securities and Exchange Commission investigation into executive perks paid to former CEO Mark Watson III that raised the ire of an activist shareholder. ...