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Insurer must defend contractor in mold dispute, court says
Writing for the court, Judge Ronald Lee Gilman found that even if Wehr wasn’t sued directly, the allegations in the St. Claire case centered on its conduct, and any resulting liability could still flow back to it. That was enough, the court held, to trigger Phoenix’s duty to defend. Kentucky law, the opinion noted, requires…
Shock CEO resignation sees UnitedHealth’s share price slump
Chairman takes over as carrier withdraws financial guidance Source link
State Farm escapes liability in Maryland lawsuit over alleged false truck accident report
The plaintiff, William Young, who represented himself, alleged that State Farm submitted a false accident report to the National Accident Reporting Agency, operated by LexisNexis, in connection with an incident that occurred on or about January 5, 2023, in a CVS parking lot in Largo, Maryland. At the time, Young was insured by Progressive, not…
Mediobanca proposes new terms for Generali CEO
Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link
McGill and Partners, AXA XL launch digital partnership to streamline risk placement
Meanwhile, AXA XL’s efforts align with broader initiatives by parent company AXA to develop a digital commercial platform. This platform aggregates services leveraging real-time data from satellites, drones, and sensors, combined with AXA’s risk prevention expertise and underwriting and claims management. Source link
Where theaters go wrong: The insurance mistakes that could cost them everything
Exposing how contract gaps, cyber risks, and more are leaving arts organizations dangerously exposed Source link