Los Angeles Jury to Decide Damages Owed by Katy Perry for ‘Dark Horse’ July 31, 2019 By Andrew Dalton A jury’s verdict that Katy Perry’s 2013 hit “Dark Horse” improperly copied a 2009 Christian rap song represents a rare...
AXA XL Appoints Fumagalli as Head of International Financial Lines, Europe July 31, 2019 AXA XL Insurance announced the appointment of Simona Fumagalli as head of International Financial Lines, Europe, based in Milan. In...
Arch Capital to Acquire UK-Based Barbican Group Holdings July 31, 2019 Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson...
Space Insurance Premiums Could Double After European Vega Rocket Crash July 31, 2019 By Carolyn Cohn, Tom Sims and Noor Zainab Hussain Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which...
Allstate Says Q2 Results Reflect Strategy Momentum July 31, 2019 The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey July 31, 2019 Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO July 31, 2019 By Sumeet Chatterjee Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its...
Swiss Re H1 Profit Hit by Ethiopian Airlines Crash, Grounding of Boeing 737 MAX July 31, 2019 Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of...
University Lawsuit Accuses Big Retailers of Infringing ‘Reinvented’ Light Bulb Patent July 31, 2019 By Jonathan Stempel Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what...
The Hilb Group Acquires Rhode Island’s Damiano Agency July 31, 2019 The Hilb Group LLC (THG) has acquired Rhode Island-based Damiano Agency (DA). The transaction became effective July 1, 2019. For...