Specialty
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
Risk Alerts: Intellectual Property and Safety Risks for Cannabis Edibles
As more states have legalized recreational marijuana, the edibles market has seen a surge. But the choice by many manufacturers to market their products as candy look-alikes has ...
Executives On The Move at Hamilton, Aspen and Markel
Hamilton Insurance Group, Ltd. appointed a new Head of Allied Medical for its U.S. excess and surplus (E&S) business. Aspen Insurance Holdings Limited named a new Group Chief Actuarial Officer. ...
2020 Cyber Insurance Claims Spike Counteracted Premium Jump, Hurting Underwriting Results
Cyber insurance premiums are soaring, but a spike in claims led to a decline in 2020 underwriting performance, according to a new Fitch Ratings update. Standalone cyber insurance generated an ...
U.S. Pledges to Boost Pipeline Cyber Protections After Colonial Hack Attack
The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days, ...
Ex-AIG, AXA XL and Marsh Execs Join New D&O MGA Rising Edge
Four former executives from AIG, AXA XL and Marsh have signed on for key roles at Rising Edge, a newly-launched London-based directors and officers (D&O) managing general agent. The company ...
Partnerships Can Help InsurTechs Raise Money and Build Prestige
With all the options that InsurTechs have these days to raise money and build prestige, partnerships can offer an efficient way to do both. But they're not without their own risks. "Partnerships are ...