Insurance
Supreme Court Leaves Intact Social Media Liability Shield in Win for Google, Twitter
The US Supreme Court left in place a broad liability shield for social media companies for content posted by users, insulating Twitter Inc., Facebook Inc. and Google LLC from claims that they provided assistance to Islamic State terrorists. Acting in …
Read More Commercial Property Premiums Up Over 20% to Start 2023: CIAB
Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according to the newest …
Read More North Carolina Mobile Home Insurance Rates to Rise 15%, Starting in October
North Carolina’s insurance commissioner has negotiated a 15% average statewide increase in rates for mobile home insurance policies, a reduction from the hefty hike that the state’s rate bureau had recommended. The North Carolina rate bureau had proposed an 87.5% …
Read More Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged “unlawful raid” of senior leaders and other employees of Aon’s facultative reinsurance group. Aon claims Alliant took 26 of its employees, reinsurance business, and confidential information …
Read More Fraudulent Filings in Massachusetts Could Be Distorting U.S. Jobless Claims Reports
Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on Wednesday, making it harder to get a clear picture of the labor market in the short-term. A surge in applications …
Read More Arthur J. Gallagher Subsidiary Acquires Dublin’s Allied Risk Management
Dublin-based Allied Risk Management has been acquired by Artex Risk Solutions Inc, a captive and alternative risk transfer solutions subsidiary of Arthur J. Gallagher & Co. Terms of the transaction were not disclosed. Allied Risk provides insurance and reinsurance management …
Read More Ford Recalls 422,000 SUVs Because Rear View Camera Display May Fail
Ford Motor Co is recalling 422,000 sport utility vehicles in the U.S. because the video output may fail, preventing the rear view camera image from displaying. The recall covers 2020 through 2023 Ford Explorer, Lincoln Aviator, and 2020-2022 Lincoln Corsair …
Read More Everest Re Group Rebrands to Everest Group
Bermuda-based P/C insurer and reinsurer Everest Re Group, Ltd. announced that its shareholders approved a name change to Everest Group, Ltd. and will trade under a new ticker symbol (NYSE: EG). The change will become effective on July 10, 2023. …
Read More A Risk to Global Food Security: Russia Poised to Decide if Ukraine’s Grain Deal Survives
The United Nations is racing to extend a deal that has allowed shipments of Ukrainian grain through the Black Sea to parts of the world struggling with hunger, helping ease a global food crisis exacerbated by the war Russia launched …
Read More Deutsche Bank to Pay $75 Million to Settle Epstein Suit
Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse accused the bank of facilitating his sex-trafficking operation, according to attorneys for the plaintiffs. Deutsche Bank agreed to settle after …
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