Insurance
Peloton, Lululemon Settle Lawsuit Over Women’s Apparel Line
Peloton Interactive Inc. has reached a settlement of a lawsuit in which Lululemon Athletica Inc. accused the exercise bike maker of infringing its patents by developing a line of apparel for women. Without admitting wrongdoing, Peloton has agreed to phase …
Read More Judge Dismisses Mexico Lawsuit Against Gun Manufacturers
A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices has led to bloodshed in Mexico. Judge F. Dennis Saylor in Boston ruled Mexico’s claims did not overcome …
Read More Confie Acquires CoWest Insurance Group in Colorado
Confie acquired Colorado-based CoWest Insurance Group and the firm’s 30 insurance agency network. The acquisition underscores Confie’s plans to create an insurance agency network for independent agents within their national brand, InsureOne. CoWest will continue to operate under its current …
Read More Ian Storm Surge Devastated Part of Florida, But Many Without Flood Coverage
FORT MYERS, Fla. – Dave Lusk, who lives on San Carlos Island, sandwiched between Fort Myers and devastated Fort Myers Beach, Florida, told the story of how his daugther and her family decided to ride out Hurricane Ian in their …
Read More Takeaways from Our Conversation on Cannabis Risk Management
Some organizations view risk management as merely slowing down and planning before proceeding, while others make it a key organizational building block. Risk management in the cannabis industry is still new, and underdeveloped, according to one expert on the topic. …
Read More Jurors to Decide Damages Amount in Sandy Hook Defamation Suit
After watching days of testimony that included the parents of slain children breaking down on the witness stand, a Connecticut jury soon will have the difficult task of coming up with a dollar amount that conspiracy theorist Alex Jones should …
Read More Jury Says Funeral Home Must Pay $5.5M for Not Refrigerating Bodies
A funeral home operator accused of leaving bodies unattended without refrigeration must pay $5.5 million to the daughter of a man whose body lay decomposing for up to two weeks. The jury’s award on Friday marked the conclusion of the …
Read More KCC Estimates Near $63B in Hurricane Ian Insured Losses
Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near $63 billion. Should KCC’s calculations hold true, Ian will surely be remembered as one of the costliest hurricanes in U.S. …
Read More California Workers’ Comp Written Premium up 27% in First Half of 2022
The Workers’ Compensation Insurance Rating Bureau of California released its Quarterly Experience Report, which reflects an increase in written premium due to economic recovery from the pandemic. The report is an update on California statewide insurer experience valued as of …
Read More People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance announced it has appointed Mark …
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