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A Tennessee trial judge improperly granted summary judgment to an auto insurer who argued its liability on an uninsured motorist policy should have been offset by workers compensation benefits paid to the driver, the Tennessee Court of Appeals ruled Wednesday.
4 months 2 weeks ago
A federal judge dismissed much of the U.S. Securities and Exchange Commission’s lawsuit accusing software company SolarWinds of defrauding investors by hiding security weaknesses before and after a massive cyberattack targeting the U.S. government.
4 months 2 weeks ago
Alliant Insurance Services Inc. Thursday said it has opened a Honolulu office and named former Aon PLC executives Chad Karasaki as managing director and Michael Grossi as executive vice president.
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The proportion of work-related injuries among newly hired workers increased from 2017 to 2022, with workers under 25 reporting more frequent injuries than those 55 and older, according to a report released Thursday by the Workers Compensation Research Institute.
4 months 2 weeks ago
Marsh & McLennan Cos. Inc. Thursday reported 6% underlying revenue growth in the second quarter as its reinsurance brokerage arm saw double-digit growth, but organic growth slowed in its consulting business.
4 months 2 weeks ago
Total paid workers compensation claims in Minnesota fell 45% in 2022 from 20 years prior, with medical-only claims significantly dropping 56% and indemnity claims dipping by 3%, according to a 2024 Minnesota Workers’ Compensation System Report released Tuesday.
4 months 2 weeks ago
Aon Plc said Wednesday that it promoted Petra Schmidt to global industry leader for its enterprise client group.
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Hub International Ltd. said Thursday it has hired Courtney Davis Curtis, former University of Chicago risk management leader, as executive vice president and education practice leader.
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Insurance broker TWFG, backed by reinsurer RenaissanceRe, said Wednesday it priced its initial public offering above its indicated range, seeking to raise up to $187 million.
4 months 2 weeks ago
Aon PLC has set up a fund to raise more than $50,000 for a scholarship program honoring the late Rick Miller, the company's property practice leader.
4 months 2 weeks ago
Sixty-eight percent of Americans are “confident” in taking a vacation sometime in 2024 and 73% say they are “desperate,” yet 47% of those surveyed “can’t really afford” one, according to a survey by travel insurer Allianz Partners USA.
4 months 2 weeks ago
Insured losses from natural catastrophes totaled at least $61 billion for the first half of 2024, 25% higher than the most recent 10-year average of $49 billion, according to a report Wednesday from Gallagher Re, the reinsurance brokerage of Arthur J. Gallagher & Co.
4 months 2 weeks ago
Sales of Reckitt’s Mead Johnson baby formula powder are likely to take a short-term hit after a tornado damaged a third-party warehouse in Indiana, the British consumer goods company said Wednesday