The Massachusetts Supreme Judicial Court has ruled that Steward Carney Hospital does not have a duty of care after a patient released from an involuntary psychiatric commitment fatally stabbed his neighbor. The court found the order of civil commitment to …
The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately $2.1 billion. Under the terms of the agreement, Navigators stockholders will receive $70.00 per share in cash upon …
Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced a multi-year, global strategic partnership with Reynolds Porter Chamberlain Consulting (RPCC) to license and develop proprietary applications to run within …
Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a new study from U.K.-based Juniper Research. The study found that while insurtech enables rapid transformation of …
Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge’s strength by 20 percent – a finding that came months before it collapsed last week, Italian media reported Monday. Despite …
The cost of Uber Technologies Inc.’s sexual harassment scandal is now itemized: 56 current and former employees who filed claims stand to collect an average of $33,928.57. In addition, almost 500 female and minority engineers covered by a 2017 class-action …
QBE’s restructuring over the last year has focused on exiting loss-making businesses and portfolios, while rigorously emphasizing profitable underwriting across the group. Good progress has been made — as demonstrated in the financials, along with strong premium rate increases, top …
Google has been accused in a lawsuit of illegally tracking the movements of millions of iPhone and Android phone users even when they use a privacy setting to prevent it. According to a complaint filed late Friday, Google falsely assures …
Hannover Re announced that Chief Executive Officer Ulrich Wallin will retire following the company’s annual general meeting on May 8, 2019. He will be succeeded on that date by Jean-Jacques Henchoz (53), who has been appointed as a member of …
Lisa Corless has been promoted to president and CEO of AF Group, a subsidiary of Blue Cross Blue Shield of Michigan. Corless assumes CEO duties from Elizabeth Haar, who is now BCBSM executive vice president and president of emerging markets. …
