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Chubb Agrees to Defend Basketball Hall of Fame Against Unlawful Funding Claims

The Basketball Hall of Fame has succeeded in getting Chubb subsidiary Federal Insurance Co. to defend it in a case accusing the museum of unlawfully securing funds for renovations to its facility. Documents filed in the U.S. District Court for …

Suspect Arrested in Connection With 7 Fires Across Mississippi’s Capital

JACKSON, Miss. (AP) — Authorities have arrested a suspect in connection with seven fires set across Mississippi’s capital city early Tuesday. At least two of the buildings set ablaze in Jackson were churches; one was burned to the ground. Another …

Prosecutors Oppose Release of Alleged Restoration Extortion Gang Leader

The alleged leader of a gangland extortion ring that took control of the New York City fire restoration industry can be heard on recordings threatening to kill competitors and ordering an attack on a rival firm’s employee, federal prosecutors say …

Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace

Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language understanding, have announced a partnership to deliver a language-to-data solution for …

FTC Aims to Clamp Down on Companies Engaged in Unfair Competition

The US Federal Trade Commission plans to make wider use of its 1914 founding statute to police anticompetitive behavior by companies in the internet age. The Democratic-led commission on Thursday issued a new policy statement that empowers the agency to …

Tropical Storm Nicole Weakened Over Florida But Emergency Orders Remained in Effect

Tropical Storm Nicole was over west central Florida to the northeast of Tampa at 10 a.m., having weakened from being a Category 1 hurricane when it made landfall earlier in the morning on the coast. Nicole’s maximum winds have decreased …

People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty

This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re. A summary of these new hires follows here. Everest Re Names AXA XL’s Mann Head of Casualty, UK Branch Everest Reinsurance, the reinsurance division of …

New SEC Disclosure Rules May Drive Up D&O Claims

SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors & officers policies, panelists said Wednesday during the Professional Liability Underwriting …

By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup

Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with France, Argentina and Spain falling just behind. Lloyd’s is going for a hat-trick of predictions, after correctly identifying Germany and …

Insuring Cannabis Summit: Making Carriers Comfortable, Ensuring Clients Sleep Well

Making sure carriers are comfortable and your clients sleep well at night could be the key definition of what an insurance broker does. However, in the business of selling insurance to cannabis companies, whose exposures include many products intended to …

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