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Chubb Ltd. Tuesday named John Lupica, vice chairman of Chubb Group, as executive chairman of its general insurance business in North America, as it announced a series of leadership changes.

A New Jersey appeals court panel said Tuesday that a capacity exclusion in a directors and officers liability policy relieved a W.R. Berkley Corp. unit from covering a $12 million settlement resolving claims against a pharmaceutical company and one of its executives.

The U.S. Occupational Safety and Health Administration said Monday that it cited a Texas tank cleaning company over the death of a worker late last year.

The Woodlands Financial Group, an insurance broker backed by reinsurer RenaissanceRe, said Tuesday it aims to raise as much as $176 million in its initial public offering in the U.S.

Commercial property insurance market conditions continued to moderate at midyear renewals, with some policyholders seeing rate decreases and others only single-digit price hikes, depending on their location, loss experience and program structure.

General liability insurance rates continued to rise for many buyers during midyear renewals with commercial policyholders paying flat to mid-single-digit increases, experts say.

Directors and officers liability insurance buyers saw rates fall further during midyear renewals as insurers offered broader coverage while competing for business, experts say.

Cancer presumptions impact a firefighter’s access to workers’ comp benefits to battle the disease. MyMatrixx by Evernorth® joins the battle by monitoring presumption legislation and helping payers manage medication costs.

The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors.

Acrisure LLC said Monday that Aaron Miller, former head of financial services, private equity, at the Abu Dhabi Investment Authority, will join the brokerage as chief financial officer next month.

Stephan L. Upshaw, former vice president, risk management, at Equity Residential, will join Brown & Brown Inc. next month.

Axa XL, a unit of Axa SA, Monday named chief underwriting officers for casualty, specialty and cyber coverages within its newly created large commercial business unit.

Guy Carpenter LLC said Monday that its full-year U.S. property catastrophe Rate on Line (ROL) Index, encompassing renewals between January and July — the vast majority of annual activity — increased 1.2% compared with 2023.

Tesla shareholders will appear in court Monday to argue that an unprecedented request for more than $7 billion in attorneys fees to be paid by the company is “outlandish,” the latest twist in a legal showdown over Elon Musk's $56 billion pay package.

Lockton Cos. LLC said Monday that former Hostess Brands Inc. executive Travis Leonard has succeeded Troy Cook as chief financial officer.