Seventeen insurance company impairments were identified in the U.S. property/casualty industry in 2021, with seven impacted by catastrophe losses resulting from hurricanes, primarily in Louisiana and Florida, according to an AM Best report.
Author: Annie George
Judge Strikes Down ACA’s Provision for Free Preventive Care
A federal judge in Texas struck down a crucial Affordable Care Act policy: the mandate that private health insurers fully cover preventive care services at no cost to patients.
Papa John’s Could Face Big Payout Under IL Biometrics Law
A federal judge refused to deliver Papa John’s from a class action accusing the pizza chain of improperly scanning workers’ fingerprints, making it the latest restaurant chain to face potentially staggering payouts under a hotly debated biometrics privacy law.
New Antitrust Lawsuit Against NCAA Seeks Millions in Damages for College Athletes
The attorneys who beat the NCAA in the Supreme Court have filed a new class-action antitrust lawsuit against the association and the five wealthiest college sports conferences that seeks millions of dollars in damages for thousands of athletes.
Amwins Hires New Underwriter for TUMI
Amwins, a global distributor of specialty insurance products and services, today announced it has hired Tisha L. Baptist to join Trinity Underwriting Managers (TUMI).
Workforce Insurance Underwriters Signs Agreement with United States Fire Insurance Company
Workforce Insurance Underwriters, LLC announced today that it has signed an underwriting management agreement with United States Fire Insurance Company.
Johnson & Johnson Reaches Deal for $8.9 Billion Talc Settlement
Johnson & Johnson announced on Tuesday that it had agreed to pay $8.9 billion to tens of thousands of people who claimed the company’s talcum powder products caused cancer, a proposal that plaintiffs’ lawyers called a “significant victory” in a decade-long legal battle.
Green Shield Risk Solutions Selects INSTANDA to Power Innovative E&S Loss Prevention Product
Chicago-based Green Shield Risk Solutions announced today a new partnership with INSTANDA to enhance Green Shield’s product and service offerings with innovative digital solutions.
Kettle Works with Amwins & PartnerRe on California Excess Wildfire Product
Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) company, has delivered risk modelling and analytics to support the development of a new excess wildfire product for the Californian market.
Verisk Grows Premium and Loss Database for Third Consecutive Year
Verisk continues to recruit and secure new contributors to its industry-leading ISO Statistical Database.