Markets
Today’s ILS Investor: A Catalyst for Change
The $90 billion insurance-linked securities (ILS) sector is undergoing a sea change, led by investors with significant experience in the industry and a heightened awareness of the need to marry their ...
Praedicat, AIR Worldwide Announce Updates
In separate announcements, InsurTech Praedicat and Verisk's catastrophe modeling firm AIR Worldwide and unveiled changes to key products recently. Praedicat updated the litigation tracker in its ...
Gas Station Files Class Action Against Colonial Pipeline After Cyber Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast's flow of gasoline, diesel and jet fuel. EZ ...
No Data Breach, LinkedIn Says
of several reports of a LinkedIn data breach surfacing in cybersecurity publications in recent days, the social media platform says that no breach actually occurred. In a post titled, "An update on ...
Robinhood Financial To Pay $70M to Settle Regulatory Probe
Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on ...
How Pres. Biden’s Tax Plan Impacts Global Reinsurance, Fla. Homeowners
The bills for the Biden administration's multitrillion-dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A ...
Scoop, There It Is: Novel WFH, Missed Rent, Ice Cream Cookie Coverage
Some of the latest insurance product offerings include WFH Insurance from Nationwide, loss of rent insurance from Swiss Re's iptiQ, and "the tastiest insurance ever"—not really insurance—for ice ...
Better Use of Science Could Boost Climate Lawsuits
Newly-available scientific evidence, which could prove critical to the success of climate-related lawsuits, is often not produced in court, according to a new study published by the Oxford ...