Insurance
Insurance products and industry updates
Louisiana Appeals Court Upholds Denial of Workers' Compensation Benefits Due to Non-Disclosure
A Louisiana court found that failure to disclose prior injuries led to the denial of workers' comp benefits for a health system employee.
Zurich Finalizes $10.8 Billion Acquisition of Beazley to Boost Specialty Sector
Zurich Insurance has completed its $10.8 billion acquisition of Beazley, forming a specialty insurance powerhouse with $15 billion in gross written premiums.
New Boutique Law Firm Emerges for Insurers After Wiley Rein Partners Depart
A group of twelve partners from Wiley Rein has launched a new firm focused on high-value insurance matters, featuring notable leadership and diverse practice areas.
Tennessee Judge Rules on Municipal Employee's Mold Exposure Claim
A Tennessee judge denied immediate medical bill payments for a municipal employee's mold exposure claim, emphasizing issues with documentation.
Parametrix Strengthens U.S. Underwriting with Former Allianz Cyber Executive
Parametrix has appointed Tresa Stephens, ex-Allianz cyber leader, as head of U.S. underwriting to drive product strategy in the tech risk sector.
Louisiana Court Dismisses Intentional-Tort Claims in Propane Explosion Case
A Louisiana appeals court has dismissed intentional-tort claims against XTO Energy in a propane explosion case, amid ongoing litigation involving Aeropres Corp.
Court Determines CNA Must Cover $7.6 Million COVID Settlement for Guidehouse
A federal judge ruled that CNA's insurance must cover Guidehouse's $7.6 million settlement related to a failed COVID rental assistance program.
Surge in War Risk Premiums for Saudi-Linked Tankers Amid Houthi Threats
War risk premiums for Saudi tankers have skyrocketed to about 3% due to rising threats in the region, marking a significant shift from previous levels.
Swiss Re Forms Partnership with Bajaj General to Expand Insurance Offerings in India
Swiss Re has partnered with Bajaj General Insurance to deliver treaty coverage and global insurance programs for Indian businesses.
Moody's Forecasts Significant Drop in Property Reinsurance Prices for 2027
Moody's indicates that up to 38% of reinsurers anticipate property reinsurance price declines of 7-15% in 2027, with many predicting even steeper cuts.
Severe Weather Disrupts Travel in Southern France
Flash floods in southern France are causing significant disruptions, impacting trains, trams, and flights, particularly in Montpellier.
Meta Found Liable for Misleading Users Amid Cambridge Analytica Allegations
A New Mexico jury ruled that Meta misled residents about data privacy practices linked to the Cambridge Analytica scandal, with repercussions upcoming.
Insurers Settle for $177 Million in Buffalo Diocese Abuse Claims
Insurers, led by CNA Financial, will pay $177 million to resolve child abuse claims against the Buffalo Diocese as part of its bankruptcy reorganization.
Carisk Partners Acquires FirstCare Onsite to Enhance Occupational Health Services
Carisk Partners has acquired FirstCare Onsite, aiming to bolster onsite health services and enhance care management for workplace injuries.
Creative Parenting Claims: A Double-Edged Sword in the Workplace
A social media suggestion to feign parenthood for workplace flexibility stirs debate on fairness and the implications for HR practices.
California Workers' Compensation Benefits Surge Past Major States Combined
In 2023, California's workers' compensation benefits grew 7.1%, surpassing the combined total of New York, Florida, and Washington, pointing to a robust market performance.
Aon Introduces Global Coverage Facility for Onshore Renewable Energy Projects
Aon has launched a global facility aimed at providing coverage for emerging onshore renewable energy projects, with substantial policy limits.
Bridge Specialty Group Appoints Liz White as Chief Commercial Officer
Liz White has been named chief commercial officer at Bridge Specialty Group, focusing on growth and relationships within the wholesale division of Brown & Brown.
Continental Reinsurance Targets $156 Million IPO for Expansion in Africa
Continental Reinsurance plans to raise $156.1 million via an IPO to boost its operations across Africa, aiming to enhance its underwriting capacity.
Miller Expands Operations into Malaysia to Strengthen Asian Market Presence
Miller Insurance Services has launched operations in Malaysia, focusing on reinsurance as part of its broader Asian market expansion strategy.