Industry News
Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the …
Via: Claims Journal
War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets, according to …
Via: Claims Journal
JPMorgan Chase & Co. filed its court response to a former vice president’s graphic sexual harassment suit against the bank and executive director Lorna Hajdini, calling his claims “false” and “malicious.” JPMorgan on Thusday night filed its formal answer to …
Via: Claims Journal
A U.S. appeals court on Friday revived $82.2 million of a $104.6 million verdict that Versata Software won against Ford for breaching a licensing contract and misappropriating trade secrets. The U.S. Court of Appeals for the Federal Circuit reinstated damages …
Via: Claims Journal
For the first time since the third quarter 2017, respondents to a recent quarterly survey said average premiums decreased across all account sizes. During the first three months of 2026, The Council of Insurance Agents & Brokers (CIAB)’s market survey …
Via: Claims Journal
Airbus SE and Air France were found guilty of involuntary manslaughter in the deadly crash of a passenger jet en route to Paris from Rio de Janeiro 17 years ago after a French appeals court overturned a previous ruling. The …
Via: Claims Journal
A West Virginia uninsured motorist policy specified that the policyholder must report an accident to police within 24 hours. But that’s not enough to negate a claim, the West Virginia Supreme Court of Appeals decided this week. The West Virginia …
Via: Claims Journal
Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from …
Via: Claims Journal
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
Via: Claims Journal
Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal. The …
Via: Claims Journal