U.S.
101 and Climbing: No. of Federal COVID Biz Interruption Lawsuits Expected to Rise
As of last Wednesday, a federal court had received notice that 101 lawsuits have been filed as of seeking coverage from insurers for business interruption losses caused by COVID-19, and plaintiffs ...
Climate Change Making Hurricanes Stronger: Study
Hurricanes have grown stronger over the last four decades—and climate change is likely to blame, says a new study from the National Oceanic and Atmospheric Administration and the Cooperative ...
VC Firm Eos Venture Partners Closes InsurTech Investment Fund
Eos Venture Partners said it has closed an $85 million InsurTech investment fund that will tap into new insurance industry needs. To be known as the Strategic Investment Fund, the investment vehicle ...
Insurance Groups Team Up on Federal ‘Business Continuity Protection Program’
Two property/casualty insurance industry carrier groups and an agents association have unveiled a proposed federal program to replace revenues lost by businesses shut down during pandemics like ...
Executives On The Move at Chubb and Liberty Mutual
Chubb appointed a new chief underwriting officer to lead an arm of its North America retail commercial property and casualty insurance. Liberty Mutual Insurance named a chief underwriting officer for ...
Purell Under Fire in Three Lawsuits Alleging Germ-Killing Shortfalls
Everyone's favorite hand sanitizer may have to stand trial for claiming it can stop you from getting sick. A trio of lawsuits has hit Purell's maker, Gojo Industries Inc., since the World Health ...
Altamont Capital’s Plan to Acquire Topa Insurance Has Been Suspended
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa ...
Johnson & Johnson Will Pull Talc Baby Powder From U.S., Canada
Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand had dropped in the wake of what it called "misinformation" about ...