With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s recent floods are likely to be significantly higher, which highlights a sizable insurance “protection gap.” This protection gap – or …
A gym and fitness center in Pennsylvania won a minor victory on July 13 in a dispute with an Ohio-based commercial property insurer over business interruption coverage claims stemming from closures caused by the COVID-19 pandemic. Judge Terrance R. Nealon …
Specialist insurer Beazley has enhanced its pioneering Virtual Care policy, which provides comprehensive protection against the interconnected risks facing digital health and wellness organizations. First launched in the U.S. in 2017 for the telehealth sector, demand for Virtual Care coverage …
A Massachusetts couple sued eBay Inc on Wednesday for being subjected to an “unrelenting stream” of threats by its employees to stifle their online newsletter critical of the e-commerce company. In a complaint filed in Boston federal court, David and …
The town of Brattleboro, Vermont, is reporting more than $200,000 in damage to roads and bridges from a weekend rain storm. An initial assessment was completed on Sunday, the Brattleboro Reformer reported. “It’s going to be six figures,” Public Works …
Twelve women filed a lawsuit Tuesday against Liberty University, accusing the Christian institution of a pattern of mishandling cases of sexual assault and harassment, and fostering an unsafe campus environment. The federal lawsuit filed in New York made various claims …
California power company Pacific Gas and Electric said on Wednesday it would bury 10,000 miles of power lines in high-risk fire zones as a safety measure after its equipment caused multiple destructive wildfires over several years. The utility, which called …
Global insurance and professional services firm Marsh McLennan (MMC) reported financial results for the second quarter ended June 30, 2021, including consolidated revenue of 2021 of $5.0 billion, an increase of 20% compared with the second quarter of 2020. MMC …
Chicago-based wholesale insurance broker Ryan Specialty Group Holdings, Inc. announced the pricing of its initial public offering of 57 million shares of its Class A common stock at a price to the public of $23.50 per share for gross proceeds …
State attorneys general on Wednesday unveiled a $26 billion settlement with the three largest U.S. drug distributors and Johnson & Johnson to resolve thousands of lawsuits by states and local governments over the companies’ role in the country’s opioid painkiller …
