-
The Bermuda carrier brought a winding-up petition earlier in October. -
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
-
Northeast Insurance said 55 claims were brought under the Child Victims Act.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
Critics claim the dispute system denies consumers' key legal rights.
-
The motion claims the New York court has no jurisdiction in the case.
-
State Farm is under investigation as its premiums have been rising “drastically".
-
A US district judge ruled a delay could put human life and property at risk.
-
The federal panel hasn’t finalized a timeline for formulating the new rules.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
The state’s AG said the case threatens continued offshore oil and gas operations.
-
WTW claims at least two $1mn accounts were also unfairly lost to Howden.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
-
The charges allege “egregious delays” and “unreasonable denials” in claims.
-
AIG’s filing alleges copyright and trademark breaches, as well as violations of unfair business practice laws.
-
Juries don’t significantly differentiate in cases involving severe injury.
-
California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
-
A federal judge restricted former Marsh employees from soliciting for Howden.
-
The case is now headed to appellate court.
-
As data privacy litigation increases, insurers increasingly lean on exclusions.
-
The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
-
The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
-
Ransomware claims have made up the majority of recent large losses.
-
The company saw a 53% decrease in cyber claims after a surge in 2024.
-
Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
-
The carrier notified California regulators that it would stop renewing plans starting last month.
-
Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
-
The bi-partisan legislation would make FEMA a cabinet-level agency.
-
The broker has filed a motion to dismiss the lawsuit by Marsh.
-
James River said the court was right to dismiss the fraud case.
-
The company said defendant "distraction" can’t make up for flimsy arguments.
-
The violations included not using properly appointed adjusters and failing to pay claims.
-
The lawsuit has been filed as sales talks with Sompo yielded a deal.
-
Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
-
The lawsuit is the third filed by MMA against Alliant in the past year.
-
Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
-
The Delaware high court’s reasoning could find application in other cases.
-
A key hearing in the poaching case is set for September 4 in New York.
-
The state’s Supreme Court upheld two lower court decisions finding no liability.
-
The company said the judge overlooked key issues in dismissing its fraud case.
-
The company was hit with a data breach on July 16.
-
The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
-
The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
-
The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
-
The suit asserts the raid will cause “incalculable harm” to the broker.
-
Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
-
The lawsuit claims more than 100 employees left with Parrish and his three reports.
-
A growing divide in business courts could impact future D&O underwriting, sources said.
-
The insurers sent denial letters to the tech company as lawsuits and damages pile up well into the multi-millions.
-
The automaker’s insurance arm wrote over $300mn in premium last year.
-
The executive said the claims industry is going to “be transformed”.
-
Litigation seeks to block insurers from passing assessment costs to consumers.
-
Large accounts property remains competitive as pricing softens, Greenberg said.
-
It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
-
The insurer denies it is responsible for the actor’s legal fees.
-
Court documents show Travelers subsidiary Northfield Insurance is the insurer.
-
The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
-
The judge ruled the deal relied too heavily on Bermuda law for US law to apply.
-
The class can collectively challenge State Farm’s property claims calculations.
-
The suit claims billions of dollars are being illegally withheld.
-
Top companies eliminated or heavily modified language related to DEI this year, analysis shows.
-
He has pleaded not guilty to the criminal charges, which carry potential life sentences.
-
The broker also alleges a coordinated effort undermine client confidence.
-
When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
-
At the year’s mid-point, there were 111 new SCAs filed in federal courts.
-
The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
-
Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
-
Litigation costs continue to weigh on long-tail lines, but effects of tort reform are visible.
-
Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
-
The ruling comes as insurers face growing legal pressures following the January blazes.
-
The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
-
The rules would require paid rest breaks, among other measures.
-
It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
-
Jim Williamson said litigation funding had evolved into an investment class.
-
A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
-
Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
-
Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
-
Lara approved an interim rate increase for the company just weeks ago.
-
The suit, filed in Florida federal court, is Uber’s second Rico case.
-
Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
-
The documents figure in a potential criminal case against a CCB employee.
-
The regulator said further measures could still be passed in this session.
-
The panel aimed to highlight “synergies” between insurance and litigation finance.
-
Companies often purchase policies with limits far exceeding their actual exposure needs.
-
One measure could give regulators greater leeway to deny rate requests.
-
Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
-
Burford’s CEO said Chubb is inappropriately using its corporate power.
-
The settlement requires Dellwood’s Price to write an apology to Peter Zaffino.
-
The two parties seek to delay a judge’s summary judgment order.
-
Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.
-
Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
-
This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
-
The reforms limit liability for some small businesses in the state.
-
The suit names former Marsh execs Hanrahan and Andrews as defendants.
-
The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
-
AIG, HDI Global and others have settled. Chubb’s fight continues.
-
The impact could also raise home-building costs by $10,000 per unit.
-
The Lone Star State has seen rapidly increasing rates in recent years.
-
A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
-
Marsh alleges Aon also went after its clients as well as its employees.
-
The law imposes limits on third-party litigation funding, among other changes.
-
The suit seeks to block insurers from passing through assessment costs.
-
The release followed the filing of an updated Plan of Operation.
-
The suit alleges a “deliberate scheme” to deny smoke damage claims.
-
The larger awards over the past two years could serve as an anchor for future verdicts.
-
The tariffs could expose insurers to the risk of recession and shrinking income.
-
This is shaping up to be a record year, building on momentum in 2024.
