US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a year …
This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new hires follows here. AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory AXIS Capital Holdings Ltd., the Bermuda-based …
The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies …
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong’s …
Aspire General Insurance hired Sam Rea as its chief technology officer. Rea has more than 20 years of experience leading IT organizations in the insurance industry. Before joining Aspire, Rea was CTO for the Peak6 InsurTech portfolio of companies for …
The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. Gaudreau, …
Testimony has begun in a civil trial against a Virginia hospital that treats vulnerable children, its owner and its former medical director in a lawsuit filed by three former patients who allege they were touched inappropriately during physical exams. The …
A property management firm’s excess insurers are not obligated to defend it in multi-district price-fixing litigation involving use of the real estate software RealPage. A federal district judge in Massachusetts found that the terms of Windsor Property Management Co.’s primary …
Two former chiefs of the New York City Fire Department (FDNY) have been charged with bribery and corruption for allegedly expediting access to fire safety inspections for preferred customers in exchange for payments. Anthony Saccavino and Brian Cordasco were indicted …
An Oregon judge has overturned a $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, the company …