Markets
UK Website Selling Online Taxi Insurance
On Thursday, GoTaxi announced that it had launched a new taxi insurance website in the U.K. The website's objective is to match taxi and cab drivers who are looking for all types of taxi insurance ...
Nearly Half of Security Execs Say Insurers Alone Should Pay Costs of Physical Terror Attacks
Forty-seven percent of security executives across of a variety of industries believe that private insurance companies alone should pay for worker injuries and property damage in the aftermath of a ...
Viacom Settles $1B Suit Against Google Over Youtube Videos
Google Inc. and Viacom Inc. settled Viacom's $1 billion lawsuit claiming YouTube violated copyrights by letting users post video clips from television shows without authorization after a federal ...
Public Service Exits California Workers Comp
Public Service Mutual Insurance Co.'s exit from California's workers compensation market isn't a reflection of the health of the state's workers' compensation system, according to the California ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...
TigerRisk Names Bartell to Lead UK Retro Practice
TigerRisk Partners, the reinsurance broking and risk/capital management firm, announced Wednesday that Martin Bartell has been named head of the company's UK-based retrocessional and specialty ...Apollo’s Insurer Athene Looks to Raise $1 Billion for Acquisitions
Athene Holding Ltd., the insurer controlled by Leon Black's Apollo Global Management LLC, doubled its capital-raising goal to $1 billion to add funds for acquisitions. The insurer plans to finalize ...
Florida Supreme Court Finds Medical Damages Caps Unconstitutional
The Florida Supreme Court has ruled that the state's caps on noneconomic damages in medical malpractice wrongful death cases violate the state Constitution's equal protection clause. The 5-2 opinion ...