California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital from its private equity partner Stone Point Capital, has engaged in …
Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s …
A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid crisis that would bring every community nationally into their settlement talks. The 6th …
Brazilian state-owned lender Caixa Economica Federal said on Thursday that it had indefinitely postponed plans for an initial public offering of its insurance unit Caixa Seguridade, the second time this year the high-profile deal has been put off. Caixa Economica …
Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished Programs, a national program administrator. Retail agents can now learn about and …
A report on the current state of climate risk disclosures among the largest companies in China and the United States found that Chinese companies lag significantly behind their global peers in the S&P 500 in climate risk disclosures and need …
U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in the U.S. despite a downturn in demand for electricity during …
Menard Inc. is appealing a jury award to a woman who was injured when she fell over a flatbed cart at its store in Minot, North Dakota. A jury last year awarded nearly $40,000 to Darlene Johnson, plus about $145,000 …
College and professional sports teams in North Carolina may soon be allowed to host a few thousand fans in outdoor stadiums, Democratic Gov. Roy Cooper announced on Tuesday. If the state’s coronavirus numbers continue to improve or remain flat, Cooper …
The Iowa Insurance Division’s Enforcement has filed charges against Trinity Healthshare Inc. and The Aliera Companies over offerings of unauthorized healthcare products. The department alleges that Trinity, purportedly operating as a health care sharing ministry, acted as an unauthorized insurer …
