ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed in the US …
Maryland Gov. Wes Moore has signed legislation to end Maryland’s statute of limitations on when child sexual abuse lawsuits can be filed against institutions. Under current law, Marylanders who say they were sexually abused as children can’t sue after they …
A national labor shortage has created ideal conditions for skilled workers to negotiate for better pay and more flexible work schedules, but also new challenges for employers: Staff members aren’t eager to return to the office; job applicants are demanding …
Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch forecasts a 100.4 industry combined ratio …
Business owners have a lot to consider when running a successful business. Unfortunately, many do not consider an exit strategy, especially in the early years of the business. Agency owners without an exit strategy will sometimes make decisions based on …
W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.” During a call with analysts to discuss first quarter earnings, Berkley said the D&O marketplace, especially …
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …
The California Division of Occupational Safety and Health cited Meeder Equipment Co. of Rancho Cucamonga and referred D&D Construction Specialties Inc. of Sun Valley for criminal prosecution in two separate cases of workers’ deaths related to confined spaces. Meeder and …
As the market continues to face uncertain economic conditions, areas of ongoing volatility, according to Risk Strategies, include: Inflation and rising interest rates led to uncertainty about future prices. Per NOAA, there were 18 U.S. weather/climate disaster events in 2022, …
As a child, Lawrance W. McFarland lived on a small piece of land on a Native American reservation in Palm Springs he described as a “little world of its own,” surrounded by the parts of the city that were tourist …
