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Insurance News
India Finds Nestle Baby Food Sample Substandard, Takes Legal Action
India’s food regulator said on Friday it had found a Nestle baby food sample to be substandard and was pursuing legal action against the Swiss company in one of its biggest growth markets. Nestl
Golf tournament operator lands in the rough with fraud plea
A hole-in-one was supposed to trigger a payout. Instead, some tournament organizers were referred to a claims department that didn’t exist.
Benefits brokers see fiduciary gaps clients aren't asking about yet, survey finds
76% of advisers report a shift to self-funding, raising the stakes for plan oversight and documentation
Court revives probation officer’s comp claim for sprains, strains
A Nevada appeals court on Wednesday upheld a ruling in part reversing the denial of workers compensation for a juvenile probation officer’s back, knee and foot injuries, finding that medical evidence
Suspended Glencore Exec Told Radiant ‘Say Nothing on Email’
A senior Glencore Plc executive last year urged counterparts at Radiant World not to communicate by email, according to WhatsApp messages from the company’s head of iron ore seen by Bloomberg Ne
Banking panel votes to continue terrorism backstop
The United States Senate Banking Committee on Thursday voted unanimously to extend the government backstop for commercial terrorism insurance in the U.S.
New York Attorney General Urges AI Whistleblowers to Come Forward
New York Attorney General Letitia James encouraged workers at artificial intelligence companies to confidentially report activity they think is dangerous or illegal to her office. In a Thursday press
Hershey Defeats Lawsuit Over Reese’s Halloween Pumpkins That Lacked ‘Cool’ Carvings
Hershey won the dismissal of a lawsuit claiming it let down consumers because its Halloween-themed Reese’s pumpkins lacked the decorative carved designs shown on the packaging. U.S. District Jud
Ryan Specialty's TRU promotes a former Navy SEAL to president
Nick Hays went from Navy SEAL to NBA and NFL performance coach before landing in construction underwriting
UK broking groups are starting to buy their own EU insurers
Owning the carrier offers more control over European placements, but puts broking, underwriting and insurance capital under the same roof
Buyout firms are slicing their debt to try to get cautious insurance dollars
Cash-strapped private equity funds are borrowing a trick from structured finance to make their debt appealing to risk-averse insurers — and insurance capital is starting to flow in
Florida Home Sellers Cutting Prices Adds to Pressure on Lennar
Lennar Corp. highlighted yet another challenge for homebuilders that have been contending with sluggish demand and high mortgage rates: price competition from a growing supply of existing homes. It
Sompo names new U.K. CEO
Bermuda-headquartered Sompo International Holdings Ltd. has appointed Nicolas Berg as chief executive of its U.K. insurance business, effective Oct. 1, Reinsurance News reported. Berg brings 25 years
Helmsman names Emily Drew president, CEO
Helmsman Management Services, a third-party administrator owned by Liberty Mutual, has named Emily Drew president and CEO, effective Sept. 21, according to a Liberty Mutual spokesman.
Berkshire completes Buffett succession with Howard named chairman
The elder Buffett steps down after over 50 years
Ex-Youth Center Counselor Faces Sex Assault Trial in New Hampshire
A sexual assault trial started Monday for a New Hampshire man whose arrest more than seven years ago kicked off one of the biggest youth detention scandals in U.S. history. Former youth counselor Jeff
Causation gap sinks summary judgment in New York auto injury case
Four body parts, zero proof they weren't crash-related - and that was enough
Insurance moves: HDI Global and Marsh
They include a new CMO and a new US real estate and hospitality practice leader
Berkshire completes Buffett succession with Howard named chairman
The elder Buffett steps down after over 50 years
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