Proposed Class Action Alleges Liberty Mutual Website Violates Pennsylvania Law December 12, 2022 By Andrew G. Simpson Liberty Mutual Insurance is the target of a proposed class action alleging that the company uses spyware on its website...
AM Best Urges ‘Immediate and Substantive’ Reforms by Florida Lawmakers December 12, 2022 Ahead of this week’s special legislative session in Florida, the AM Best financial rating firm predicts that “without immediate and...
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’ December 12, 2022 The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of...
People Moves: Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian; CNA Canada Promotes Detablan as VP, Specialty & Risk Managed Casualty December 12, 2022 Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian Lloyd’s of London, the commercial insurance and reinsurance marketplace, has elected...
Chubb to Launch Technology Hub in Thessaloniki, Greece December 12, 2022 Property/casualty insurer Chubb announced it will launch a new technology services center in Thessaloniki, Greece, in early 2023, aiming to...
Australia’s Financial Services Firms Failing to Narrow Gender Pay Gap: Report December 12, 2022 By Amy Bainbridge Australian employers are failing to narrow the pay gap between men and women, with finance firms among the worst offenders....
Hong Kong Tycoon Richard Li Weighs $200M Investment in Insurer FWD: Sources December 12, 2022 Hong Kong billionaire Richard Li is weighing investing about $200 million in his insurance company FWD Group Holdings Ltd. as...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait December 12, 2022 By Alex Longley and Alaric Nightingale A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that...
Juul Agrees to Pay $1.2 Billion in Youth-Vaping Settlement December 12, 2022 By Jef Feeley and Malathi Nayak Juul Labs Inc. has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a...
Increased Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization December 12, 2022 Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or...