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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit. -
AIG is maintaining its initial 'unlawful misappropriation' suit against Dellwood.
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Of that total, $312.5mn was allocated to resolve the PFAS claims.
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Ten companies have filed a 0% increase and at least eight companies have filed a rate decrease to take effect in 2024.
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The carrier’s comments on claims severity should serve as a warning for the industry
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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NFP claims it has so far lost five clients to Alliant, resulting in damages of $2mn.
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Fleming had attempted to land ~$78mn in ‘economic concessions’ on the deal.
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Ten states joined in the original suit.
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The global insurer also alleges breach of contract and fiduciary duty in the federal suit.
