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The J.M. Smucker Co. is suing Trader Joe’s, alleging the grocery chain’s new frozen peanut butter and jelly sandwiches are too similar to Smucker’s Uncrustables in their design and packaging. In the lawsuit, which was filed this week in federal …

A Bermuda captive that insured several New York hospitals affiliated with a leading Jewish not-for-profit organization says it is insolvent, citing millions of dollars in child sex abuse claims brought against it under the state’s Child Victims Act (CVA). Northeast …

The nation’s largest business lobbying group sued the Trump administration over its changes to the visa system for skilled foreign workers, teeing up a fresh battle between corporate America and the president. The US Chamber of Commerce said in a …

Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh McLennan (MMC). Nevertheless, without significant changes in large loss …

Resilience, cyber risk solutions provider, said it has expanded its appetite for technology errors & omissions (tech E&O) insurance to clients with more than $25 million revenue in the US, GBP50M in the UK and EUR 25M in the EU. …

AI systems acting without human control could one day pose a security threat, the head of Britain’s MI5 spy agency said on Thursday, although he said he was not predicting doom scenarios as depicted in sci-fi movies. Tech leaders have …

Tesla Inc.’s safety regulators in Europe are joining an expanding global effort to more closely scrutinize the door handle design popularized by the world’s leading electric vehicle manufacturer. The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale …

Italy’s government coalition has reached an agreement over a complex scheme that would see banks and insurers contributing about €11 billion ($12.8 billion) to its budget over three years. The contribution affecting the financial and insurance sector would be worth …

Vienna Insurance Group (VIG) said late on Thursday that it will acquire all shares of German insurer Nuernberger Beteiligungs AG for 1.38 billion euros ($1.61 billion) in cash. VIG will offer Nuernberger shareholders 120 euros per share, the insurer said …

To tell the public what it spends on insurance—an amount largely effected by what it calls legal system abuse—Uber has started to provide information on customers’ receipts. “To give you a sense of how bad the problem has gotten in …

Insurance broker Howden US has appointed Joe Clark as president and Dale Krupowicz as head of operations for its private risk solutions business in the U.S. Clark and Krupowicz will lead the development of Howden’s U.S. private client operations – …

A Chinese container ship has completed a pioneering journey through the Arctic to a UK port, state-run news agency Xinhua reported, cutting in half the usual transit time for the electric vehicles and solar panels aboard destined for Europe. The …

Two former professional football players, a country music artist and a college athletics administrator have put their names, images and likenesses behind a new, concierge insurance program for high net-worth individuals, athletes, entertainers and businesses. “There were times during my …

Many U.S. homeowners are missing important insurance protections, offering opportunities for agents to educate insureds on increasingly essential coverages. A new survey commissioned by The Hanover Insurance Group found many homeowners are exposed to growing risks, such as lawsuits, cybercrime …

Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners. The company targets insurance markets deemed risky, with policies covering properties valued at a total of $1 billion in wildfire-prone …

A coalition of 15 U.S. state governors representing more than a third of the country’s population has launched a new bipartisan alliance on Wednesday, aimed at improving public health coordination and emergency preparedness. The Governors Public Health Alliance will serve …

A healthcare company has settled with California Attorney General Rob Bonta for $40 million over information Bonta said was misleading consumers. Bonta announced a settlement with HealthNet LLC, Health Net of California Inc., California Health and Wellness Plan and Health …

National broker ALKEME Insurance reports it has acquired Gorges & Company, Inc., a full-service agency based in Timonium, Maryland. Founded in 1937, Gorges & Co. provides a full suite of insurance offerings, including employee benefits, business and personal property/casualty, nonprofit …

A 2020 Granite State law removing the statute of limitations for sexual abuse claims is not retroactive, the New Hampshire Supreme Court has ruled. The state’s high court found that applying the 2020 law retroactively violates the state’s constitution which …

Los Angeles County officials voted this week to declare a state of emergency that gives them power to provide assistance for residents they say have suffered financially from ongoing federal immigration raids. The move allows the L.A. County Board of …