Insurance
S&P: Struggles in Personal Auto Insurance to Subside Slower Than Expected
S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously expected. Continued pressure on claim severity across coverages has prolonged post-pandemic recovery for …
Read More Autopsies Delayed as WV Pathologists Asked to Do Double the Industry Standard
CHARLESTON, W.Va. (AP) — Forensic pathologists in West Virginia are being asked to perform at least twice as many autopsies as the national best practice standard, resulting in significant delays, the state office of the chief examiner said Tuesday. West …
Read More The Hanover Expects $196M in Q3 Catastrophe Losses
Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe losses of nearly $196 million primarily from multiple convective storms in the Midwest. “Severe weather represented a formidable challenge in …
Read More Startup Climeworks Battles Big Oil for the $1 Trillion Future of Carbon Capture
Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG, is among the pioneers of sucking carbon …
Read More Derisking Dilemma: How German Companies Are Tackling China Risk
Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is …
Read More Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo
National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes the addition of over 400 workers’ compensation classes, including contractors, healthcare, hospitality, …
Read More Risk Strategies, One80 Intermediaries Reorganize Under Accession Brand
Risk Strategies and One80 Intermediaries on Oct 18 announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand. Accession Risk Management Group, led by John Mina as global CEO, will represent the family of …
Read More Appeals Court Upholds Nasdaq Board Diversity Rule
A U.S. appeals court upheld Nasdaq’s board diversity rule on Wednesday, requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. In a lengthy opinion, the New Orleans-based 5th …
Read More J&J Weighs Third Bankruptcy Try to Settle Baby Powder Suits
Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens of thousands of lawsuits that allege tainted talc in the company’s baby powder caused cancer. Erik Haas, J&J’s lawyer in …
Read More Recalled Dehumidifiers Rich Ground for Subrogation Actions, the Latest in NC
American consumers may remember the news about certain Chinese-made dehumidifiers, more than 1.5 million of which were recalled due to their tendency to overheat and catch fire. The manufacturer, Gree USA, in 2021 agreed to pay $91 million in penalties, …
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