Risk Placement Services (RPS) today announced the launch of a new all-risk cargo product with carrier partner The Hartford.
Tag: Hartford
Boy Scouts Strike Bankruptcy Deal with Major Abuse-Victims Groups
The Boy Scouts of America reached a settlement with major groups of sex-abuse victims seeking compensation through the youth group’s bankruptcy proceedings, a milestone in its efforts to turn the page on its past failures to protect children. The Boy Scouts are offering up to $850 million in cash and other assets to survivors, and… Continue reading Boy Scouts Strike Bankruptcy Deal with Major Abuse-Victims Groups
The Hartford Agrees to Pay $650M in Boy Scouts Bankruptcy
Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts of America bankruptcy case. In exchange for the payment, the Boy Scouts and its local councils would release The Hartford from any obligation under policies it issued to… Continue reading The Hartford Agrees to Pay $650M in Boy Scouts Bankruptcy
Allianz is Said to Consider Rival Bid for Hartford Financial
Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the matter. Europe’s biggest insurer is discussing its options with potential advisers, said the people, asking not to be identified because the discussions are private. While… Continue reading Allianz is Said to Consider Rival Bid for Hartford Financial
Boy Scouts’ Liability Insurers Challenge Sex-Abuse ‘Claim-Mining’
The Boy Scouts of America’s liability insurers threw doubt on the huge increase in sex-abuse claims filed against the youth organization after it filed for bankruptcy, claiming that plaintiffs’ attorneys and for-profit claims generators helped gin up tens of thousands of claims with little or no vetting. In Friday court filings, insurers affiliated with Chubb… Continue reading Boy Scouts’ Liability Insurers Challenge Sex-Abuse ‘Claim-Mining’
Hartford Insurance Companies Donate $10 Million to City of Hartford
For the second consecutive year, three insurance companies with roots or offices in Hartford, Connecticut, are giving $10 million to the city, the Hartford Business Journal reports. The contributions from Aetna, The Hartford, and Travelers Cos. represent the second installment of a $50 million commitment announced in 2017 to help the city address its precarious… Continue reading Hartford Insurance Companies Donate $10 Million to City of Hartford