Insurance
WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’
W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being a material loss to the organization.” “I would be surprised if we didn’t have any loss activity, but we certainly …
Read More J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy
The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in …
Read More Hackers Leak Documents From Pentagon IT Services Provider Leidos
Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter. Leidos recently learned of the issue and believes the documents were …
Read More US Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements
A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing …
Read More Morgan & Morgan Vows to Fight Proposed Class Action on ‘Botched’ Injury Claims
Morgan & Morgan calls itself the nation’s largest injury law firm, with offices in most states. But perhaps the Orlando-founded firm has grown too big, too quickly, suggests a proposed class-action lawsuit that claims the firm has botched hundreds of …
Read More Chubb Q2 Net Income Up 24% to $2.2B
Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, pretax, compared to $400 million last year during …
Read More How California’s Homeowners Insurance Crisis is Affecting Brokers
A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires. Wildfires have made the …
Read More People Moves: AXA’s Rodriguez Forero Named CEO of Newly Formed DUAL Latam
DUAL Group announced the appointment of Marilena Rodriguez Forero as CEO for the newly established region, DUAL Latin America, effective Aug. 1, 2024. Rodriguez Forero will be a member of DUAL’s Group Executive Committee, reporting to Richard Clapham, CEO, DUAL …
Read More Property Code Enforcement a Sore Spot in Some South Dakota Communities
FAITH, S.D. (AP) — A few months ago, the city council in this ranching town in remote northwestern South Dakota decided to join dozens of other communities across the state and hire an outside contractor to enforce property codes. But …
Read More Truck Driver Charged in Ohio Interstate Crash That Left 6 People Dead
A truck driver in Ohio has been charged with aggravated vehicular homicide in a chain-reaction crash involving a charter bus filled with high school students that left six people dead and 18 injured. The crash on Interstate 70 last November …
Read More