Insurance

Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …

Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather than help them establish relationships. The plaintiffs …

Burns & Wilcox Names Kestenbaum Managing Director of New Boston Office Insurance broker Burns & Wilcox, headquartered in Farmington Hills, Michigan, named Peter Kestenbaum managing director of its new Boston office. Kestenbaum joins Burns & Wilcox with nearly 20 years …

Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of …

The federal district court in Burlington, Vermont recently granted the state attorney general’s motion to return the state’s consumer protection case against Exxon and other fossil fuel producers to state court. The federal court said that since the case is …

Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and other non-financial misconduct cases they have recorded since 2021 and how they have dealt with them. The Financial Conduct Authority …

FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale after delaying a planned initial public offering, according to people familiar with the matter. The company could seek a valuation …

U.S. energy regulators have launched a review of the performance of the bulk power system during recent winter storms in January that brought Arctic air across much of North America, the North American Electric Reliability Corporation (NERC) said on Tuesday. …

State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft said in its report it had tracked hacking groups affiliated …

Multi-district litigation over the diabetes drug saxagliptin, a case that combined more than 80 suits from around the country, has failed because the plaintiffs’ sole expert witness was unreliable and did not show a causal link between the medication and …