U.S. Supreme Court Torn Over Challenge to Internet Firms’ Legal Shield
U.S. Supreme Court justices on Tuesday expressed uncertainty over whether to narrow a legal shield protecting Internet companies from a wide array of lawsuits in a major ...
Industry News
Working Together to Mitigate Natural Catastrophe Risk: AM Best Webinar
Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take ...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M
A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his ...
Buttigieg Urges U.S. Railroads to Boost Safety, Not Oppose Reforms
U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train ...
Earthquakes in Turkey to Cost Insurers $2.4B: KCC
Catastrophe modeling firm Karen Clark & Co. said it expects total property losses of close to $20 billion from the devastating earthquakes that hit Turkey earlier ...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, ...
QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar
QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group's exposure to portfolio reserves totaling ...
Litigation Funders Deployed $3.2B in U.S. Investments Last Year
Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped their investments last year, committing $3.2 billion, according to a new ...
Goose Insurance Closes $4M Series A Funding Round
Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. ...