JPMorgan Beats Insurers in Appeal Over $140M Bear Stearns Settlement

November 23, 2021

New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual fund trading. Reversing […]

WTW predicts further stability for NA commercial Insurance in 2022

November 17, 2021

Broking giant Willis Towers Watson has predicted further stability for North American commercial insurance moving into 2022, thanks to strong capital returns and growing rate adequacy confidence. The broking giant welcomed this in its report, considering it evidence of a […]

Munich Re sees Q3 profit rise despite cats denting its reinsurance result

November 9, 2021

Global reinsurer Munich Re has reported an improved year-on-year profit for both the third quarter and first nine months of the year, of €366 million and €2.1 billion, respectively, although its property-casualty (P&C) combined ratio trended above 100% for the […]

Regulatory / Legal

New Jersey Man Indicted in Connection with Auto Insurance Fraud Scam

November 22, 2021

Via: Insurance Journal

A Hudson County, New Jersey, man was indicted for allegedly causing fraudulent automobile insurance applications to be submitted on his behalf in an attempt to avoid paying the policy premiums. John A. Loor (also known as John A. Loor-Benitez) of […]

Regulatory / Legal

The Long Tail of Pandemic-Related Global Insurance Disputes

November 19, 2021

Via: Claims Journal

As the COVID-19 pandemic began to spread around the world last year, businesses faced unprecedented certainty and disruption, leading to a wave of insurance coverage disputes. Roughly a year and a half later, we are beginning to get some clarity […]

Cyber Risks, Risk Management

CyberCube updates Broking Manager

November 18, 2021

Via: Reinsurance News

Cyber analytics provider, CyberCube has launched an updated version of Broking Manager, a solution designed specifically for insurance brokers. The new software enables brokers to instantly produce cyber financial loss reports on millions of companies while providing rich information to […]