Banking
Banking industry news and updates
Anthem Website Tracking Lawsuit Advances on Wiretap and Fiduciary Claims
A federal judge let Anthem members pursue wiretap and fiduciary claims over website tracking, while dismissing two other claims.
California Revises Proposed Workers’ Comp Deposition Attorney Rates
California’s revised proposal sets experience-based deposition rates and permits limited billing for travel and transcript review.
Global Insured Catastrophe Losses Hit $91 Billion Through September 2026
Aon estimates insured catastrophe losses at $91 billion through September, below the five-year average even as billion-dollar events exceeded historical norms.
Liberty Mutual Has No Duty to Defend I-35W Pileup Lawsuits, Appeals Court Rules
The Fifth Circuit affirmed summary judgment for Liberty Mutual, finding the lawsuits tied the I-35W pileup to roadway operations and maintenance.
NCCI Finds Higher Medical Use in Older Workers’ Compensation Claims
Claims involving workers 65 and older averaged 21% more medical care, with injury diagnoses, treated conditions and job mix driving the differences.
Property Resilience Can Improve Insurance Terms, but Premium Credits Remain Uneven
Resilience work can attract insurance capacity and improve terms, but only 26% of surveyed organizations said insurers recognized their adaptation efforts.
Workers Comp Opioid Prescriptions Fall as Claims Costs and Recovery Outcomes Come Into Focus
Opioid prescribing has declined, but rising pharmacy costs and uncertain recovery gains put treatment outcomes, coordination and long-term claims under scrutiny.
Data Center Construction Drives Insurance Growth as Exposure Accumulation Rises
Billions in data center projects are expanding insurance demand, while insurers track concentrated exposures and weigh revenue that may fade after construction.
Trucordia Shifts From Brokerage Scale to Selective Acquisitions and Integration
After roughly 300 acquisitions, Trucordia is focusing on integration, targeted deals and tools that support client service as organic growth slows.
Leadership Accountability Can Improve Team Reporting After Business Failures
Leaders who examine the conditions behind a mistake before assigning blame can surface problems earlier while still holding individuals accountable.
Just Eat Pauses AI Menu Image Trial After Food Misfires
Just Eat has halted AI-generated menu pictures after images misrepresented British dishes, raising questions about their reliability for restaurant listings.
The Hartford Names Leaders for Construction Risk and Guaranteed Cost Businesses
John Watts and Joshua Janes will lead distinct construction businesses, overseeing strategy, underwriting, portfolio performance and growth.
New York Court Affirms Workers' Compensation Benefits in School Driver's Fatal Incident
A New York appellate court has upheld a ruling for workers' compensation and death benefits for a school bus driver, linking his fatal crash to work-related injuries.
Maryland Court Rules on Insurance Coverage Amid Abuse Allegations Against Boarding School
A federal judge has determined that Philadelphia Insurance must defend a Maryland boarding school in a sexual abuse lawsuit despite policy timing issues.
French Supermarkets Struggle with Uncovered Losses After Cyberattack
Recent cyberattacks on French supermarkets may result in millions of euros in uninsured losses due to outdated technology and policy exclusions.
Specialist Risk Group Opens Perth Office to Expand Australian Reach
Specialist Risk Group’s new Perth office extends its Australian presence and targets Western Australia’s energy, construction, agriculture and professional services sectors.
Aon Appoints Chris Rafferty as Chief Integration Officer Amid Major Acquisition
Aon announces Chris Rafferty as chief integration officer, succeeding him with Steven Carleton as Chicago market leader, enhancing its strategic acquisition efforts.
Allianz Faces Legal Battle Over Igloo Cooler Injury Claims
A federal court ruled Allianz must defend Igloo against certain injury claims linked to cooler defects, despite some coverage exclusions.
Teen's Unique Approach to Career Exploration Turns Heads in New York
A New York teenager's inventive job search strategy—posting flyers on light poles—offers insightful lessons on career exploration and networking.
Shinhan Financial Group to Acquire Majority Stake in Lotte Non-Life Insurance
Shinhan Financial is set to purchase a 77% stake in Lotte Non-Life Insurance for approximately $515 million, aiming for full integration thereafter.