Major U.S. gun manufacturers on Tuesday are slated to urge a federal judge in Boston to dismiss a lawsuit by the Mexican government accusing them of facilitating the trafficking of weapons to drug cartels, leading to thousands of deaths in …
There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to keep the industry on …
The Boy Scouts of America defeated a trademark lawsuit brought by the Girl Scouts over use of the term “scouting.” U.S. District Judge Alvin K. Hellerstein on Thursday tossed the 2018 suit claiming the now-coed Boy Scouts’ use of the …
Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third Point Reinsurance and Sirius International Insurance Group, a multi-line insurer and reinsurer. On April 6, 2022, SiriusPoint Ltd. entered into …
Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety. Mercury says the app acts as a virtual driving coach, providing skill scores that …
Weeks after Lighthouse Property Insurance announced it would stop writing new business in Florida, the insurer has been placed into receivership in Louisiana. Insurance Commissioner Jim Donelon placed Lighthouse into receivership last week in the 19th Judicial Circuit Court. Lighthouse …
Western Reserve Group to Promote Greg A. Brunn to President and CEO Western Reserve Group announced the promotion of Greg A. Brunn to President and CEO effective January 1, 2023, upon the retirement of current President and CEO, Kevin W. …
A second, weak, tornado struck Arkansas last week as severe storms rolled across the Deep South, according to the National Weather Service in Little Rock. On March 30, an EF-1 tornado with winds of about 100 mph (161 kph) struck …
Weeks after Lighthouse Property Insurance announced it would stop writing new business in Florida, the insurer has been placed into receivership in Louisiana. Insurance Commissioner Jim Donelon placed Lighthouse into receivership last week in the 19th Judicial Circuit Court. Lighthouse …
Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet to pay out. The lender, which collapsed in March 2021, sold short-term trade finance products to investors including funds run …