Insurance
Insurance products and industry updates
Florida Court Confirms Jurisdiction in Yacht Dispute with Taiwanese Insurer
A Florida appeals court allows a yacht manufacturer’s lawsuit against a Taiwanese insurer to proceed, rejecting forum clause exclusivity.
Alexander Reath Steps Up as Marsh Risk's New Leader in Real Estate and Hospitality
Marsh Risk appoints Alexander Reath as the new U.S. leader for real estate and hospitality, succeeding Duncan Ellis, who is departing for new opportunities.
California Workers’ Compensation Sees Surge in Medical Payments Post-Pandemic
California's workers' compensation claims reveal rising medical expenses, with construction claims notably exceeding statewide averages.
Florida Lawsuit Against Hershey Over Missing Reese’s Pumpkin Faces Dismissed
A federal judge dismissed a class action lawsuit against Hershey after consumers claimed they overpaid for Reese's pumpkins missing decorative designs.
CFC Enhances Cyber Insurance Offering for Financial Institutions
CFC has strengthened its cyber insurance by including AI-related threats and comprehensive response strategies for financial sector clients.
Court Upholds Exclusive Remedy in Occidental Chemical Negligence Case
A federal judge dismissed a negligence suit against Occidental Chemical, affirming the company's status as statutory employer under workers’ compensation law.
Chubb Elevates Sean Ringsted to Chief Scientist in Strategic AI Role
Chubb promotes Sean Ringsted to Chief Scientist, enhancing its AI and data strategy, while also appointing new leaders in digital business initiatives.
Tennessee Court Denies Librarian's Request for Mental Health Benefits Amid Disputed Incident
A Tennessee judge rules against a former librarian's request for mental health benefits, citing lack of cooperation and insufficient evidence of mental injury.
Luzern Risk Secures $45 Million to Enhance AI and Operations in Captive Management
Luzern Risk has raised $45 million in Series B funding, led by Insight Partners, to enhance its technology and expand client offerings in captive management.
Howden Granted Extension in Brown & Brown Employee Raid Litigation
A judge has extended Howden's deadline to produce documents in a lawsuit over alleged employee and client poaching until October 16.
Court Upholds Insurer’s Exclusion Clause for 'My 600-lb Life' Reality Show
The 5th Circuit affirmed an insurer's exclusion of coverage for lawsuits tied to "My 600-lb Life," citing the producer's contradictory arguments.
Federal Appeals Court Affirms $7.8M Award for BART Employees Over Religious Vaccine Exemptions
A federal appeals court upheld a $7.8 million jury award to BART employees fired for seeking religious exemptions from vaccination, citing undue hardship.
Baldwin Group's $7.7 Billion Acquisition Reflects Growing Trend in Insurance Brokerage Market
Baldwin Group's $7.7 billion deal to go private marks a significant shift in the insurance brokerage landscape, reflecting increased deal activity post-debt reduction.
Zurich American Exonerated from Liability in $75 Million Auto Dealer Case
A federal judge ruled Zurich American has no obligation to cover a Virginia auto dealer's deceptive pricing settlement, involving penalties exceeding $75 million.
Florida Family Alleges Multi-Million Dollar Art Fraud Involving Warhol Forgers
A Florida family's investment in purported Andy Warhol artworks has turned into a legal battle over alleged forgeries worth $6.7 million.
National Safety Council Unveils Online Safety Training Hub
The National Safety Council has introduced SafetyAtlas, a comprehensive platform for safety training and credential management across various industries.
Zurich U.S. Appoints Alex Wells as CEO Following Sierra Signorelli's Departure
Alex Wells has been named CEO of Zurich U.S., succeeding Sierra Signorelli, who has exited after leading the U.S. business for less than a year.
Marsh Appoints Christos Adamantiadis as Global Head of Placement Amid Leadership Changes
Christos Adamantiadis steps into the role of global head of placement at Marsh, succeeding John Donnelly, who will retire next year.
Stronger El Niño Forecasted to Become a Historic Weather Phenomenon
El Niño's intensification may reach record levels, significantly impacting global weather patterns and inflationary pressures across multiple sectors.
Florida Revises Workers’ Compensation Rules on Physician Dispensing and Immigration Verification
Florida's workers’ comp updates include new limitations on physician dispensing and mandatory immigration status screening for injured workers.