U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign featuring an animatronic head of Arnold Schwarzenegger. Misleading some customers in selling as many as 64 million payment protection insurance …
Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report. Pricing was dampened by the continued amounts …
A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, …
A Delaware judge says a paralegal injured while playing on his law firm’s softball team is not entitled to workers’ compensation. The judge ruled late last week that Delaware’s Industrial Accident Board erred in concluding that William Weller ruptured his …
Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was reported to be eyeing a 25 percent stake …
Cook Maran & Associates (Cook Maran) has acquired Rosenthal Insurance Group Inc. (Rosenthal). Cook Maran is a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP). Rosenthal is a Wayne, …
IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is subject to customary regulatory approvals. IFIC …
The Supreme Court has rejected an appeal from American victims of terrorist attacks in the Middle East more than a decade ago. The justices did comment Monday in ending a lawsuit against the PLO and Palestinian Authority in connection with …
The woman identified by police as the attacker who wounded three people at YouTube’s headquarters in California was a vegan blogger who accused the video-sharing service of discriminating against her, according to her online profile. Police said 39-year-old Nasim Najafi …
Chubb Limited released preliminary net loss estimates for the first quarter of 2018 attributable to natural catastrophes, including the California mudslides, of $380 million pre-tax, or $305 million after tax. Losses from the California mudslides are estimated at $125 million …
