Legal

Businesses in Old Dominion claimed the insurer wrongfully denied coverage after they had to close their operations due to the pandemic.

In a landmark hearing, a Delaware judge struck down a provision that would have allowed the Boy Scouts of America’s withdrawal from its April agreement with The Hartford.

The former CEO of Truist’s retail division said there is nothing in his contract to prevent him taking up the position.

Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.

The broker also filed a lawsuit against Goode, Honeycutt, Forst, Rice, Lee and Keenan as individual defendants.

Evan Greenberg has said Chubb has only a “limited obligation” to Century, a unit at the heart of the Boy Scouts of America (BSA) bankruptcy process.

The production company behind the Apple TV+ show starring Jennifer Aniston sues Chubb for $44mn over denied pandemic losses.

The settlement agreement was restructured on July 1 and includes terms that allow the BSA to emerge from bankruptcy, while compensating victims and requiring insurers to abide by the terms of policies purchased by the BSA.

Florida-based Gulfstream is forced to liquidate after falling into insolvency.

Marsh points Judge William Thomas to Aon’s arguments in the DoJ case as reason to dismiss poaching suit.

Fair Plan had challenged that order, arguing that it would lead to higher rates.

Details of potential additional divestitures are closely guarded, but they would likely include P&C broking assets.