Britain’s financial watchdog has proposed reforming how apartment blocks are insured after the deaths of 72 people in the Grenfell Tower fire in London led to rocketing premiums on policies. The Financial Conduct Authority said on Wednesday that since the …
A nighttime test of pedestrian automatic emergency braking (AEB) systems to address the high percentage of pedestrian crashes that occur on dark roads has been introduced by the Insurance Institute for Highway Safety (IIHS). Four of the first 23 midsize …
Haleon believes it is not liable for any claims that may arise from U.S. litigation over the heartburn drug Zantac, the London-listed company’s CEO Brian McNamara told Reuters on Tuesday. More than 2,000 legal cases related to Zantac have been …
Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, launches Lockton Re SAGE 2.0, its next level of analytics features and tools as part of Lockton Re’s proprietary software platform. “Lockton Re’s SAGE is …
Miller, the leading independent specialist re/insurance broker, announced the expansion of its Delegated Authority team with the appointment of five new hires to form a dedicated Canadian unit. The new team will be formed by Steve Maslen, Matt Dear, Mike …
The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring system created to screen out polluters and tackle climate change. The maturity limit will cut the “longer-term exposure of the …
McDonald’s Corp. has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. In a decision on Friday, U.S. District Judge …
A Florida insurance company has landed another blow against one of the industry’s most active opponents, after an appeals court upheld the dismissal of a breach-of-contract lawsuit brought by an assigned contractor. In an opinion published Sept. 16, Florida’s 2nd …
The District of Columbia is withdrawing a proposal to boost the insurance requirement for sidewalk cafes, parklets, streateries and other dining and drinking businesses applying for public use permits. According to Councilor-at-Large Robert C. White, Jr., the city’s Office of …
The company that privatized operations at the port of Wilmington, Delaware several years ago owes more than $21 million in damages for breaching an agreement to buy the port’s former stevedoring firm, a Delaware judge ruled Monday. Vice Chancellor Lori …
