Claims / Legal
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Bayer Loses Yet Another Appeal of Roundup Weed Killer Cancer Verdict
Bayer AG's Roundup woes deepened as it lost another appeal of a jury verdict finding its weed killer causes cancer, the company's third consecutive appeals court loss of the cases that have gone to ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
There’s Some Progress in the Global Battle to Reduce Cyber Risks: Aon
Despite the worsening cybersecurity climate, there's been some global progress in developing strategies to reduce risk, a new Aon report asserts. "We are seeing a new level of collaboration between ...
Chubb, Liberty Mutual, More Participate in Amazon’s New Insurance Network Cover for Online Sellers
Amazon has launched a new digital insurance network designed to help small businesses selling on its platform more easily purchase affordable product liability coverage. Dubbed the Amazon Insurance ...
U.S. Explores Authority Businesses Have to Mandate Vaccines
The Biden administration is examining what authority businesses have to mandate vaccines, a top U.S. official told Reuters on Friday, as it considers what more steps can be done to halt the spread of ...
Amazon Will Pay Shoppers Injured by Others’ Products Without Admitting Liability
Amazon.com Inc on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation. For ...
IVANS Buys Ask Kodiak to Accelerate Commercial Lines Digital Distribution Efforts
Applied Systems' IVANS division has acquired Ask Kodiak, a Massachusetts-based InsurTech that provides commercial lines market appetite and search capabilities for the independent agency channel. ...