John Lupica, vice chairman of Chubb Group and executive chair of North America Insurance, is retiring at the end of the year. John Keogh, president and chief operating officer of Chubb Group, will add the additional role of chair of …
Chubb Group Vice Chair Lupica to Retire at 2025 End Read More »
A group of Dow Inc. investors filed a lawsuit at the end of August accusing the chemical manufacturer of failing to properly disclose the impact of tariffs on its business. This is the first investor class action linked to President …
Tariff-Linked Class Action Suits to Boost D&O Insurance Demand Read More »
The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner. The Rate Bureau, representing insurance …
North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years Read More »
Prosecutors said three American cybersecurity professionals secretly ran a ransomware operation aimed at shaking down companies across the United States. The three people, only two of whom – Ryan Goldberg and Kevin Martin – were identified by name, collaborated with …
US Prosecutors Say Cybersecurity Pros Ran Ransomware Operation Read More »
This edition of International People Moves details appointments at Westfield Specialty International and Vantage Group Holdings. A summary of these new hires follows here. Westfield Specialty Int’l Names Former AIG Exec Baldwin as President Westfield Specialty International announced the appointment …
Arthur J. Gallagher & Co. acquired Denver, Colorado-based Surescape Insurance Services LLC. Doug Rothey and his team will remain in their current location under the direction of Bret VanderVoort, head of Gallagher’s South Central retail property/casualty brokerage operations. Surescape is …
Arthur J. Gallagher Acquires Surescape Insurance Services in Colorado Read More »
Progressive’s insureds in Florida who held auto policies in 2023 and 2024, then switched to another carrier, may not qualify for a refund, despite a state law that measures excess profits over a three-year period. Progressive officials said that the …
Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals Read More »
Already suing the current CEO of Howden US and others, all former employee, for breach of various employee contracts, broker Marsh has filed a new lawsuit again another group of former employees now at Howden US. The lawsuit filed Nov. …
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US Read More »
A Chubb subsidiary says it is not obligated to cover a Ramada Inn franchise policyholder that has been ordered to pay $4.1 million to its parent company for a judgment in a sex trafficking case. The Philadelphia motel franchisee, Eighty …
Insurer Balks at Covering Sex Trafficking Judgment Against Hotel Read More »
JBS SA, the world’s largest meatpacker, has agreed to pay $1.1 million to settle a lawsuit by the state of New York over allegations the company misled the public about reducing the impact of its operations on the environment. As …
Meatpacker JBS to Pay $1.1 Million to Settle New York Climate Suit Read More »
