A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked …
A Tesla driver will pay more than $23,000 in restitution for the deaths of two people during a 2019 car crash in a Los Angeles suburb, a decision announced the same day that the automaker recalled nearly all vehicles sold …
A Wisconsin milling company has agreed to pay an additional $1.8 million in penalties after a corn dust explosion that killed five workers and injured more than a dozen others at its Cambria plant in 2017, the federal Labor Department …
Progressive Corp. has achieved its combined ratio goal of 96, according to its release of November and year-to-date results. On Friday, Progressive said November net income was $680.6 million and its combined ratio for the month was 91.1. Year-to-date net …
Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment in Dale. The completion of the transaction follows approval from the UK Prudential Regulation Authority (PRA) and Lloyd’s for Dale’s …
Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storm affected France, Belgium, the United Kingdom, and …
Missouri`s second-largest county will pay a $1.2 million settlement to the parents of a 21-year-old man with mental health concerns who, according to a lawsuit, screamed “I can`t breathe” as he was subdued by jail staff before dying in a …
Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday. The decision came in April after the utility sought advice …
London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge in attacks on commercial ships, according to a statement issued on Monday. Guidance from the Joint War Committee (JWC), which …
Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on behalf of women employed by the video game maker. The settlement, which is subject to court approval, resolves allegations that …
