A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming. Ruling in favor of BP Plc, Chevron Corp., ConocoPhillips, Exxon …
Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …
Three insurance relationship tales from today’s newswire. Woman Sues Insurtech Over Broken Heart Thrice-divorced Natalie Galumpkin says she knows a bad experience when she has one and her experience buying home insurance through the HipHome app was one of the …
A 25-year-old Yale Law student. A crossing guard. A 78-year-old woman. A high-school teacher. These are but four of the pedestrians and bikers counted among the 310 motor-vehicle-related deaths seen in 2020 in Connecticut, where I live. Our state saw …
The U.S. Supreme Court on Tuesday signaled it could narrow the scope of a class action lawsuit against TransUnion in which thousands of people sought damages after the credit reporting company flagged their names as matching those on a government …
Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in “robust and well-established” oversight of jet’s development. In an amended complaint unsealed in …
CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn acreage on his farm this spring. “For our farm, we are looking at maxing out …
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as they hit their prime earning years during a record bull …
Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination.” However, the disappointed insurer said it will continue to seek opportunities for acquisitions. Chubb’s …
There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims management platform insurtech, raised $30 million in new …