News
Investors See Dollar Signs in Denied COVID-19 Insurance Claims
A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for ...
Amazon Sues NY Attorney General to Stop Its COVID-19 Lawsuit
Amazon.com Inc on Friday sued New York's attorney general to stop the state from filing its own lawsuit over the online retailer's early response to COVID-19, including its firing of activist ...
Florida Property Insurers Raise Rates by Double Digits, Driven by Multiple Factors
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue ...
The Latest Launches From Arch Insurance and Berkshire Hathway GUARD
Arch Insurance debuted a new online platform that lets brokers rapidly price and purchase Business Travel Accident policies for U.S.-based companies with up to 250 business travelers. Berkshire ...
Insurers Overwhelmed by Demand for D&O Coverage for Reverse-Merger Companies
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have ...
Chubb Wins in Judge’s Denial of Target’s Data Breach Bank Claims
Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed ...
Nationwide Boosts Venture Capital Fund to $350 Million
Nationwide plans to more than triple its venture capital fund and also increase the division's alignment with its corporate development strategy. The Ohio-based property-casualty insurer is growing ...
Zurich Insurance’s Capital Target Disappoints; Full-Year Profit Beats Expectations
Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected ...