News
SPAC Deal Generates Millions for Suits Against P/C Insurers That Stiffed Medicare
Wall Street's latest blank-check company promises to be a litigation finance nightmare for property/casualty insurers writing lines such as auto insurance and workers compensation.. MSP Recovery, a ...
Business Leaders Optimistic About the Future: Aon
Business leaders have a renewed confidence in the economy and a greater appetite to embrace calculated risks, according to a new study from Aon. In fact, 90 percent of executives surveyed said they ...
North Carolina Suit Could Signal Change in COVID Claims Disputes
Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90 percent of motions to ...
Earth Dimming Caused by Climate Change: Research
Warming ocean waters have caused a drop in the brightness of the Earth, according to a new study. Researchers used decades of measurements of earthshine—the light reflected from Earth that ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Who Will Be Sued? Praedicat Scores Ease Underwriting for Emerging Risks
Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. ...
Gallagher Deal to Buy Willis Re Faces UK Govt. Probe
The UK's Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the Treaty Reinsurance business of Willis Towers Watson by Arthur J. Gallagher ...
Push for Litigation Funding Disclosure Grows
The privacy once enjoyed by investors who finance other people's lawsuits was rarely questioned before Hulk Hogan brought a media spotlight onto the niche industry after winning a $140 million jury ...