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The three former USI employees were held liable for breach of contract after violating non-solicitation clauses. -
With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.
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The broker said it intends to vigorously defend itself against Aon’s allegations concerning the departure of fac re employees.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The companies filed the motion with prejudice, barring them from bringing the same arguments to another US court in the future.
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Aon claims that Alliant has poached around 32% of Aon’s facultative reinsurance group, including 18 of the 25 Aon employees in the casualty fac team at all levels.
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During the first quarter, Chubb paid $200mn and another $300mn last month, according to the company’s Q1 10-Q filed with the SEC.
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Inside P&C’s news team runs you through the key highlights of the week.
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The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.
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The impact of recent tort reforms is already being felt in the Sunshine State, the CEO said.
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One question in the community is whether nuclear verdicts this year will spark a re-acceleration of rates, especially in the lead excess layers.
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The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
