Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were “a piece of cake” to attack. David Desclos talks like what he was: a pro … Read more
EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said Brad Korb, head of sales & distribution for EverPeak. EverPeak workers’ comp is available exclusively … Read more
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, owned by Edison International, said eligible individuals and businesses can now submit claims to receive … Read more
A jury in Fort Lauderdale on Tuesday awarded $20 million to the family of a physician who died in 2022, finding that his mesothelioma was caused by his longtime use of Johnson & Johnson talcum powder. Internal company documents and expert witnesses suggested that Johnson & Johnson knew of asbestos risk in talc products, used … Read more
Tassone Jr. Promoted to CEO of AM Specialty Dominick Tassone Jr. Dominick Tassone Jr. was promoted to CEO of AM Specialty Insurance Company (ASIC U.S.), effective Jan. 1, 2026. Since joining AM Specialty Insurance Group in 2023 as chief underwriting officer, Dominick has played an integral role in advancing the underwriting platform, driving profitable growth, … Read more
Poulton, one of the top providers of private flood insurance in the nation, will make Brown & Brown Inc. subsidiary Wright Flood the largest provider of flood insurance in the United States, the company said. Wright Flood offers federal, excess, and private flood insurance. The transaction is expected to close in November. Terms were not … Read more
Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there is a high chance that there will be at least a partial payout” of Jamaica’s cat bond, said Florian Steiger, chief executive … Read more
American International Group today said it has a definite agreement to acquire the renewal rights of Everest Group’s retail commercial insurance business. Everest will focus on its reinsurance, global wholesale and specialty insurance businesses. The renewal rights of Everest’s retail commercial business total about $2 billion of aggregate gross premiums written. Peter Zaffino “We expect … Read more
The UK’s biggest banks are gearing up for yet another fight with regulators over how they’ll compensate consumers who were missold car loans — even after they set aside an additional £1.5 billion to resolve the saga in recent weeks. Barclays Plc on Wednesday said it had roughly quadrupled the amount of cash it has … Read more
Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday. The lawsuit claimed that Rivian during and after its blockbuster 2021 initial public offering concealed that … Read more