Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ …
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has launched Contingent Legal Risk Insurance within its global portfolio of transactional risk products and services. Aude Bonnemaison, a representations and warranties/warranty and indemnity insurance underwriter within Liberty GTS with …
In an effort to settle tens of thousands of claims that Bayer AG’s Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to …
It’s 100 seconds to midnight. Nuclear war, cyber threats and climate change are putting the world in more danger than it has been in over at least the last 70-plus years. The hands of the Doomsday Clock are now closer …
Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday. The Safety Advisory Council will include representatives from the Rape, …
In today’s landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward specialization, and the next step to insurance industry success is identifying a niche. It may …
Strong quarterly and full year 2019 results for Travelers Cos. were helped by lower catastrophe losses and premium hikes. Net income rose to $873 million in the fourth quarter ended Dec. 31 from $621 million for the same period in …
Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices are followed to prevent E&O claims is …
The contamination of U.S. drinking water with man-made “forever chemicals” is far worse than previously estimated with some of the highest levels found in Miami, Philadelphia and New Orleans, said a report on Wednesday by an environmental watchdog group. The …
The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through. For the next wave in workplace learning, get ready to strap on a pair …
