Lloyd’s CEO Says It’s Critical Mideast War Cover Stays Available March 19, 2026 The Lloyd's of London insurance market will continue to provide cover for vessels traveling through the Strait of Hormuz even...
Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz March 11, 2026 By Alexandre Rajbhandari and Loukia Gyftopoulou The firm will underwrite and issue policies as part of the Trump administration's initiative to offer maritime reinsurance. Other insurers...
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage February 3, 2026 By Chad Hemenway A state high court has ruled subsidiaries of American International Group and Chubb cannot use the so-called “bump-up” exclusion in...
Perelman Loses Bid for $400 Million for Less ‘Vibrant’ Art September 26, 2025 A New York judge ruled Ron Perelman was not entitled to $400 million from insurers over alleged damage to an...
Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages September 22, 2025 By Andrew G. Simpson ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages for a staffing company, claiming cloud...
AerCap Can Recover Over $1B, Court Rules in Case Over Jets ‘Lost’ in Russia June 12, 2025 By Sam Tobin The world’s largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the...
Ron Perelman Fight Over $410 Million in Art Insurance Spurs Trial June 2, 2025 By Chris Dolmetsch and Tom Maloney Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge...
Chubb Expects LA Wildfires to Cost It $1.5 Billion This Quarter January 28, 2025 By Alexandre Rajbhandari Chubb Ltd. estimates that the wildfires that ravaged swaths of Los Angeles earlier this month will cost the insurer $1.5...
Global Insurers Fight London Court Battle Over Jets ‘Lost’ in Russia October 2, 2024 By Kirstin Ridley and Sam Tobin Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia...
Insurer Chubb Prepares to Pay $350M in Baltimore Bridge Collapse May 2, 2024 By Niket Nishant Chubb, the insurer of Baltimore’s Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million...