Credit Agricole to Bid for Banco BPM’s Insurance Units, in Competition With AXA April 14, 2022 By Alexandre Rajbhandari and Sonia Sirletti Credit Agricole SA intends to bid for Banco BPM SpA’s insurance businesses after having bought a minority stake in Italy’s...
JUUL Ordered to Pay Washington $22.5M over Ad Practices April 14, 2022 Vape seller JUUL must pay $22.5 million to resolve Washington Attorney General Bob Ferguson’s lawsuit, which asserts that JUUL violated...
13 Tornadoes Destroyed 14 Homes in South Carolina April 14, 2022 Severe storms that moved across South Carolina earlier this week caused at least 13 tornadoes and hail the size of...
North Carolina City Settles Female Firefighter’s Discrimination Lawsuit April 14, 2022 Officials in a North Carolina city have settled a federal discrimination lawsuit with a former female firefighter who said she...
Affidavit of Merit Not Needed in Vicarious Liability Claims, Rules New Jersey High Court April 14, 2022 By Andrew G. Simpson A plaintiff is not required to present an affidavit of merit when bringing a vicarious liability claim against a licensed...
People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development April 14, 2022 AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice...
Carolina Supreme Court Says Insurers Owe in Aging Fertilizer Pollution Case April 14, 2022 By Jim Sams The carriers that insured a Charleston fertilizer plant more than 30 years ago are liable for contamination at the site...
People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response April 14, 2022 This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and...
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6 Billion Deal for Alleghany April 14, 2022 By Chad Hemenway At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffett’s Berkshire...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021 April 14, 2022 Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in...