A U.S. judge ruled on Monday that shareholders can sue Deutsche Bank AG for allegedly concealing flaws in its internal controls while dealing with high-risk clients such as sex offender Jeffrey Epstein and Russian oligarchs. Shareholders may try to prove in their proposed class action before U.S. District Judge Jed Rakoff in Manhattan that the… Continue reading Deutsche Bank Investors Can Sue in U.S. Over Epstein, Russian Oligarch Ties
Author: Farkas Laura
New York’s Former Chief Insurance Regulator Scott Fischer Joins Lemonade
Lemonade, the digital insurance company powered by social impact, today announced the appointment of Scott Fischer as Head of Government Relations and co-General Counsel of Lemonade Insurance Company. As Lemonade’s first Head of Government Relations, Fischer will provide strategic counsel regarding laws and regulations impacting the company and guide strategy around relationships with key stakeholders… Continue reading New York’s Former Chief Insurance Regulator Scott Fischer Joins Lemonade
The Joint Commission and Manchester Specialty Programs Collaborate to Provide Insurance Pricing Benefits to Accredited Home Care and Hospice Organizations
Manchester Specialty Programs, Inc. and The Joint Commission today announced a new collaboration to provide insurance pricing benefits to accredited home care and hospice organizations. Manchester Specialty offers a broad range of business insurance coverage for the home care and hospice industry, backed by a select group of highly-rated insurance carriers. An important advantage to… Continue reading The Joint Commission and Manchester Specialty Programs Collaborate to Provide Insurance Pricing Benefits to Accredited Home Care and Hospice Organizations
BTIS Partners with RLI to Offer Comprehensive, Nationwide Home-Based Business Insurance
Builders & Tradesmen’s Insurance Services, Inc. (BTIS), a managing general agency focused on serving small businesses with end-to-end insurance solutions, is pleased to announce the launch of a home-based business coverage – available nationwide and underwritten by specialty insurer RLI. RLI’s Home Business Insurance protects home-based small businesses from general liability exposures and safeguards their… Continue reading BTIS Partners with RLI to Offer Comprehensive, Nationwide Home-Based Business Insurance
Medical Professional Liability Insurance Results Improve, Return to Underwriting Profit Still Unlikely
The medical professional liability insurance (MPLI) market in the United States significantly improved in 2021, reversing a four-year trend of declining performance while maintaining a 108 percent combined ratio. Earned premium growth associated with recent material premium rate increases will most likely improve segment performance further in 2022. According to Fitch Ratings, a return to… Continue reading Medical Professional Liability Insurance Results Improve, Return to Underwriting Profit Still Unlikely
Legal Bill for Attorneys in Surfside Condo Suit Is $100 Million
The lawyers in the massive Surfside condo case have filed a legal bill for slightly more than $100 million. That’s a lot of money, but they claim it represents a “significant savings on fees” when compared to what lawyers typically earn in such catastrophic class actions. On Sunday, dozens of attorneys representing the 98 people… Continue reading Legal Bill for Attorneys in Surfside Condo Suit Is $100 Million
Property Insurance Market in Q1 Sees Price Hikes, Coverage Decline
According to the most recent Alliant market overview, property insurance pricing increased in the first quarter of 2022 while coverage decreased, posing potential challenges to the market. While rate increases are still the norm, the report says they are not at the same level as seen in previous quarters. “Insureds with good risk profiles and… Continue reading Property Insurance Market in Q1 Sees Price Hikes, Coverage Decline
New York’s Lawsuit Against NRA Can Move Forward, Judge Rules
A New York judge ruled Friday that the New York attorney general’s lawsuit against the National Rifle Association is not a witch hunt, dismissing the gun rights advocacy group’s claims that the case is a political vendetta. The decision by Manhattan Judge Joel M. Cohen means that the nearly 2-year-long legal battle can continue. It… Continue reading New York’s Lawsuit Against NRA Can Move Forward, Judge Rules
Alliant Insurance Services Celebrates 2022 Elite Women Honorees
Five outstanding trailblazers from Alliant Insurance Services have earned the prestigious honor of being named Elite Women by Insurance Business America. The 2022 honorees were recognized for their inspiration, excellence, and influence on the insurance profession and their peers. “Our 2022 Elite Women honorees are exceptional leaders who have demonstrated the outstanding service and entrepreneurial… Continue reading Alliant Insurance Services Celebrates 2022 Elite Women Honorees
Howden: Cyber Prices Could See Some Stabilization Later this Year
According to a recent Howden report, cyber risk management efforts are having a positive impact, and ransomware may be “relentless,” setting the stage for some rate moderation in cyber prices later this year. In 2020 and 2021, ransomware attacks increased the frequency and severity of losses, prompting insurers to reduce capacity and raise prices to… Continue reading Howden: Cyber Prices Could See Some Stabilization Later this Year