A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents in U.S. District Court for the Middle …
The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …
Dollar Tree Inc. and subsidiary Family Dollar have entered an agreement with the Occupational Safety and Health Administration (OSHA) to make operational changes within two years. The Department of Labor’s OSHA said it has cited the stores throughout the U.S. …
A tracking device called Tile may be effective in preventing its user from losing keys, a dog, or a purse, but it is also a tool used by stalkers, according to two women who have filed a proposed class-action lawsuit …
Recently introduced federal legislation that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level and …
Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong) from A. Trinity Universal of Jacksonville, Florida is Kemper Corp.’s lead property/casualty operating subsidiary. “The downgrades for Trinity and Kemper’s …
To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements regarding its auto insurance business. According to court …
At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At around the same time, the outgoing …
Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind and hail events in Texas, Oklahoma, and …
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew …
