A federal judge in Sherman, Texas on Wednesday ruled against an insurer that sought to dismiss a $500 million COVID-19 business-interruption lawsuit by the nation’s third-largest chain of movie theaters. The decision broke a month’s-long losing streak for policyholders seeking …
FM Global Expands Research Lab FM Global, an international commercial property insurer, had opened a electrical hazards and gas detection laboratory on its research campus in West Glocester, Rhode Island. The carrier said in a press release that the facility …
Equipment Breakdown a Growing Cause of Commercial Property Losses Equipment breakdown now rivals fire loss in both the frequency and severity of commercial property claims, FM Global said in a press release. FM Global said equipment breakdown was the cause …
Take it to the bank: Every $1 a business spends on hurricane protection in the U.S. reduces loss exposure by an average of $105. That’s based on a new analysis by FM Global, a global commercial and industrial property insurer. …
Sheps Promoted to VP of Claims at Coverys Coverys, a provider of medical professional liability insurance, announced the appointment of Stephanie Sheps to vice president of Claims. Sheps inherits the position from Barbara Staples who recently retired from the organization …
Brit Expands U.S. Claims Function With Senior Hire Brit Ltd. named Christopher Ballantyne to the newly created role of vice president of Delegated Claim Authority. He will report to Mike Barry, head of Short Tail Claims. Ballantyne will be responsible …
For senior financial executives at large U.S.-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season brought not only catastrophe to their communities, but a risk management wake-up call for 2018 and beyond. A survey of …
Lemonade Expands into Illinois Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has been licensed as a full-stack insurance carrier by the State of Illinois. Renters in the state can now buy a Lemonade policy …
FM Global, a global business property insurer, posted an improved combined ratio of 83.2 percent in 2016—compared to 85.3 percent a year earlier—which was a market-leading result for the fourth consecutive year. Total gross premium in force increased to $5.43 …
Lithium-ion batteries, so useful in smartphones, electric cars and energy storage systems, can catch fire and explode. The risk is magnified in warehouse settings where hundreds of thousands of batteries could be stored. Because of the fire risk, FM Global, …