Financial technology and innovation
Markel Group has announced a leadership transition, with CEO Tom Gayner taking over as chairman following Steve Markel's retirement.
A federal judge ruled against Cincinnati Insurance for bad faith in denying business interruption claims from North Carolina restaurants during the pandemic.
An Indiana appeals court ruled that a parks employee is entitled to workers' compensation after fainting while driving a work vehicle, affirming significant precedents.
Compre Group has finalized a £200 million retrospective reinsurance deal with a Lloyd's syndicate, covering multiple lines in property and casualty.
Brown and Brown (Europe) Ltd.'s acquisition of MacKay Corporate Insurance Brokers marks a strategic entry into the Scottish retail market.
Munich Re reports insured losses from non-peak events surpassing $100 billion for the first time, suggesting this trend may become standard.
Argo Group aims to block coverage for over 500 lawsuits linked to silica dust exposure from stone countertops, citing policy exclusions.
August storms in Europe led to an estimated $2.9 billion in insured losses, highlighting the increasing impact of severe weather events.
An Illinois appeals court has reversed a $165K workers' compensation award, ruling reimbursement must reflect negotiated medical costs rather than billed amounts.
The recent floods in Nepal could push commercial insurance losses past $132 million, primarily impacting hydropower projects, with further risks anticipated.
The NHTSA has initiated an investigation into Tesla's Cybercab certification as the company begins deployment in Austin, raising safety compliance questions.
Aon’s $17 billion acquisition of USI and escalating silicosis liability issues dominated recent discussions in the insurance industry.
Sony and Warner Music are suing Anthropic, alleging unauthorized use of copyrighted song lyrics to train its AI models, seeking damages up to $150,000 per infringement.
Cesar, a two-Michelin-star restaurant in NYC, faces a proposed class action for wage violations, including withheld tips and unpaid overtime.
A Rand report reveals California injured workers face stable medical access despite a decline in healthcare providers, especially in rural areas.
Herman Brito has been appointed as Marsh's new leader for the marine, cargo, and logistics practice in the U.S. and Canada, effective October 1, 2023.
The Hartford appoints John Russo as CUO of its global specialty unit, succeeding Carrie Brodzinski, who recently moved to MSIG USA.
Nepal's recent floods may incur losses in the hundreds of billions of rupees, significantly impacting insured hydropower projects.
Increased extreme weather events in the U.K. are amplifying underinsurance issues as rebuilding costs surge amid rising repair needs.
A Tennessee panel upheld a ruling that denied a mental injury claim from an Allstate employee, citing a lack of unusual workplace stimulus.