Daimler’s Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available. The …
The Boy Scouts of America fell short of winning the support it sought from sex-abuse victims for a near $2.7 billion settlement that could bring the organization out of bankruptcy, the Wall Street Journal reported on Wednesday citing a preliminary …
Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk management, according to a recent report published by Howden. And that frustration …
Financial services distribution firm Acrisure has acquired Appalachian Underwriters, a national managing general agency and third-party administrator, along with its affiliated entities. Oak Ridge, Tennessee-headquartered Appalachian places more than $400 million gross written premium into the insurance market through its …
The U.S. Supreme Court, which has restricted its own operations during the COVID-19 pandemic, is preparing to decide whether to block President Joe Biden’s vaccine mandates for large businesses and healthcare workers in a test of presidential powers to address …
Specialty broker Amwins announced the appointments of Sam Baig and Jeff McNatt as presidents of Amwins Brokerage, effective immediately. James Drinkwater, who has served as president of the brokerage division since 2008 and was also named president of Amwins Group …
Ransomware was the word of the year in 2021 for the cyber insurance industry as attacks continued to grow in scale and complexity, and experts say this cyber threat landscape will likely continue in the new year. Kurt Suhs, founder …
Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson over the deadly U.S. opioid epidemic, the state’s attorney general said on Tuesday. …
The year 2021 ended as the fifth hottest in records maintained by the European Union’s Copernicus Climate Change Service that go back to 1979. That finding comes from publicly available data analyzed by Zeke Hausfather, a climate scientist who posted …
Canopius Group, the London-based global specialty re/insurer, announced that Neil Robertson has been appointed group chief executive officer. Robertson joined Canopius as deputy group CEO in May 2021, reporting to Group Chairman and CEO Michael Watson, and takes up his …
