The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe losses and eye-popping expense ratios are combining with macro headwinds, changes in investor …
A judge who dismissed Walgreens as a defendant in Delaware’s lawsuit against the drug industry over the opioid crisis has denied the government’s request to certify an appeal to Delaware’s Supreme Court. Wednesday’s ruling follows the judge’s denial in September …
J.M. Wilson has promoted Adam Mandwee to senior fleet underwriter in its Portage, Michigan, office. Mandwee is responsible for evaluating transportation fleet submissions (11-plus units); quoting new and renewal transportation fleet business, binding and servicing new and existing policies, and …
Saxe Doernberger & Vita P.C. (SDV) has hired Associate Brian J. Clifford to its Northeast office. Clifford has almost a decade of experience in litigation, including insurance coverage, from depositions and discovery through mediations, trials and appeals. He has represented …
The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published by Allianz Global Corporate & Specialty (AGCS). Titled “Directors and Officers Insurance …
Assessments following Alaska’s enormous 2018 earthquake showed building damage was worse outside Anchorage’s safety area because of reduced regulation, municipal officials said. There was less structural damage in the Anchorage Building Safety Service Area than in the Chugiak-Eagle River area …
A wave of new laws in 15 states that allow people to make claims of sexual abuse going back decades could bring a deluge of lawsuits against the Roman Catholic Church that could surpass anything seen so far in its …
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation will be two lines …
Fifteen states have revised their laws in the past two years extending or suspending statute of limitations to allow child sex abuse claims stretching back decades, unleashing potentially thousands of new lawsuits against the U.S. Roman Catholic Church. Some highlights …
A Connecticut jury has awarded more than $23 million in damages to an autistic teenager who suffered severe head injuries when his school bus crashed into a tree. Gabriel Goncalves, of Wolcott, was a sixth-grader at the time of the …