As Google trudges through a landmark antitrust battle in Washington, DC, the tech giant faces another legal first in New York: On Tuesday, a pay discrimination case is going to trial for the first time in the company’s history.
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Kaiser Permanente, Unions Reach Deal on New Contracts
Kaiser Permanente and labor unions reached a tentative agreement to resolve a contentious contract dispute that sent workers to picket lines earlier this month.
Trade Credit Insurance: In Gear to Keep Global Economy and Supply Chains Moving
Trade flows are down as the global economy slows. At the same time, geopolitical risks are leading to fragmentation of trading relations. In the near term, Swiss Re expects that rising counterparty risk on account of economic slowdown will support prices, and thereby growth in trade credit insurance (TCI).
Sertis MGA Is Transforming Multifamily Property Insurance Across 16 States
Sertis, a cutting-edge managing general agency (MGA) serving the multifamily insurance market, is pleased to announce its latest milestone — officially writing policies for professionally managed multifamily (apartment) portfolios, providing brokers and their clients exceptional coverage at competitive terms.
USQRisk’s Accelerator/Incubator Program Launches First MGA
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, today announces the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O insurance to large U.S. domiciled corporate risks.
Green Shield Risk Solutions Introduces Specialty Homeowner’s Solution with INSTANDA’s Platform
Chicago-based Green Shield Risk Solutions announced today the introduction of its specialty homeowner’s insurance platform built with INSTANDA.
Court OKs Mallinckrodt Restructuring, $1 Billion Cut to Opioid Settlement
Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt.
Commercial Insurance Rates Moderate in 3Q 2023: MarketScout
n 2023, third quarter commercial insurance rates were plus 3.72% as compared to plus 5% in the second quarter. Rates for all coverage classifications except business owners policies (BOP) moderated in the third quarter. BOP rates increased from plus 3.2% to plus 5%.
Lloyd’s New Data Tool Highlights Vulnerability of the Global Economy to Extreme Weather
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today launched a systemic risk scenario that models the global economic impact of extreme weather events leading to food and water shocks, estimating the loss to be $5 trillion over a five year period.
Study: 78% in Commercial Auto Insurance Business Researching Telematics
Approximately four of five (78%) commercial auto insurers are in the research phase of preparing for usage-based insurance products, but are not ready to implement the technology.