Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple lines of business. In addition, she …
Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state anti-discrimination laws. The notice, issued …
Two appellate courts took steps this week toward answering a key question that may seal the fate of some 1,500 lawsuits seeking insurance coverage for COVID-19-related business-interruption losses: Does the presence of the SARS-CoV-2 virus or civil orders issued because …
Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom. In a letter to …
New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side Coastal Resiliency project, …
Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule underlying the case. Massachusetts Secretary of …
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer …
The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …
The Mississippi Supreme Court heard arguments Wednesday in a lawsuit that’s trying to block a voter-approved medical marijuana program by disputing how the issue got onto the ballot. Arguments were not about marijuana. Instead, they were about Mississippi’s initiative process. …
California officials on Thursday voted to toughen oversight of Pacific Gas & Electric, saying the utility had largely failed to perform required tree-trimming work near power lines in areas with the highest risk of wildfires. The unanimous vote by the …