7 months ago
A New York appellate court on Tuesday reversed a ruling dismissing a dispute lodged by a number of Chubb Ltd. units against the Archdiocese of New York over coverage for more than 1,500 sexual abuse lawsuits.
7 months ago
The U.S. Justice Department has reached a $138.7 million civil settlement with hundreds of victims of former USA Gymnastics doctor Larry Nassar, who is serving time in prison for sexually abusing athletes under his care, the agency said on Tuesday.
7 months ago
Commercial insurer W.R. Berkley said Tuesday its first-quarter profit rose 50% due to strong returns from its investments and a stronger underwriting performance.
7 months ago
A West Virginia appellate court on Tuesday reversed a decision of the state’s Workers’ Compensation Board of Review to deny fatal benefits to the dependent of a former coal worker who died from work-related illnesses.
7 months ago
A car dealership in Huntington Beach, California, loaned an SUV to a high school athletic trainer, lost the paperwork and then reported the vehicle stolen.
7 months ago
Indemnity benefits per workers compensation claim grew at a “rapid” pace of 6% or more in 2022 in 16 out of 17 states analyzed by the Workers Compensation Research Institute, which said data prior to 2021 showed little change.
7 months ago
Brown & Brown Inc. reported first-quarter revenue rose 12.7% to $1.258 billion as the broker saw 8.6% organic growth during the period.
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German reinsurer Munich Re on Tuesday posted a greater than expected rise in first-quarter profit and said it is more likely to surpass its full-year target.
7 months ago
Zurich North America Monday named Kara Higginbotham head of professional liability and cyber for U.S. national accounts.
7 months ago
Willis Towers Watson PLC said Monday it has hired former Lockton Cos. LLC real estate leader Danielle Lombardo as chair of its real estate, hospitality and leisure division, Corporate Risk and Broking, North America.
7 months ago
Former President Donald Trump agreed Monday to additional restrictions on the $175 million bond in his New York civil fraud case, resolving concerns of the state attorney general that the funds were not secure.
7 months ago
In an interesting twist on a couple’s quarrel involving an angry spouse who may have switched out an engagement ring’s 3.57-carat diamond after an argument, an Illinois appeals court panel on Monday upheld a ruling requiring a Chubb Ltd. unit to pay $176,356.58 to the wife as an “innocent insured” who filed the claim.
7 months ago
Mississippi Gov. Tate Reeves on Saturday signed into law a bill that authorizes local governments to provide 60 days of pay to the beneficiaries of certain first responders who die in the line of duty.
7 months ago
A New York limestone quarry manager pleaded guilty Friday to second-degree manslaughter, a Class C felony, in connection with a mine worker’s death in October 2022, the U.S. Department of Labor said Friday.