College basketball may be dominating this week’s sports news, but professional teams are making risk management headlines, as the NBA’s Los Angeles Lakers and Sacramento Kings and the NFL’s Philadelphia Eagles sued their insurers for COVID-19 coverage. The week’s biggest headline: Chubb Ltd.’s unsolicited bid to acquire rival Hartford Financial Services Group Inc.
1. Hartford board considering Chubb offer
2. Berkshire Hathaway snags another AIG underwriting leader
3. Lakers file virus-related BI suit against Chubb
4. NFL’s Eagles file virus-related BI suit against FM Global
5. Ryan Specialty files IPO documents with SEC
6. Cannabis insurance bill introduced in US House, Senate
7. Intoxicated driver covered under Zurich policy
8. Zurich stops insuring thermal coal
9. Ryan Specialty announces exec changes at underwriting unit
10. Another NBA team sues FM Global for COVID-19 coverage
A Travelers Cos. unit notched a big win when a federal court in Cleveland dismissed a hotel chain’s COVID-19-related business interruption lawsuit against the insurer. Also in the news: Revamps at EPIC Insurance Brokers & Consultants, Ryan Specialty Group and Brown & Brown.