News
Within 80 Years, Global Warming Could Kill 83M
A population equivalent to that of Germany—83 million people—could be killed by 2100 because of rising temperatures caused by greenhouse gas emissions, according to a new study that might ...
Robo-Lawyer DoNotPay Valued at $210M; Expanding to Small Biz Customers
DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua ...
Class Action Targets Insurance Broker Gallagher Over Ransomware Attack
Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow ...
Are Reserve Releases Ahead? Appellate Ct. Ruling Seen Slowing COVID Suits
A federal appellate court ruling that dismissed a dental practice's COVID-19 business interruption claim might be the beginning of the end for policyholder arguments that income lost because of ...
Amid Hot Real Estate Market, InsurTech Hippo Eyes a Cool $638M Listing Today
Hippo Enterprises Inc. wants to change homeowners' insurance by using customer data to make it faster and easier to get coverage, Hippo's chief executive said in an interview. The company, which has ...
AXA 1st Half Net Income Up 180%; XL Unit Swings to Profit
AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year. ...
Future Earnings Could Be Hurt by U.S. Probes of Investment Funds, Allianz Says
Allianz SE said earnings could be materially hurt by a U.S. Justice Department investigation into its Structured Alpha Funds, which are at the center of lawsuits after they incurred steep losses at ...
Zoom Settles ‘Zoombombing’ and Privacy Rights Lawsuit for $85M
Zoom Video Communications Inc. agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook, ...