San Francisco-based Corgi Insurance has launched fine arts coverage for individuals and businesses, and it introduced Golden by Corgi, a sports and entertainment insurance platform offering coverage through its surplus lines carrier. The fine arts coverage protects eligible artwork and …
Karen Clark & Co., long considered one of the more accurate catastrophe risk modeling firms, has announced its latest severe convective storm model—Version 5.0—now with a new option on roof values. “While previously, roof replacement cost was assumed to be …
Elon Musk’s SpaceX SPCX.O is seeking approval to build a natural gas pipeline in Florida to supply fuel for its rocket launched from Cape Canaveral, according to a state regulatory filing from September. A SpaceX subsidiary, Coastal Connect Services (CCS), …
McDonald’s has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food company illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. The lawsuit, filed on Oct. 2, …
A new report revealed half of U.S. homeowners paid out of pocket for weather damage the past three years, and only 22% feel very financially prepared for an unexpected weather repair, according to tech-native insurance group Hippo Holdings. Hippo’s third …
The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans. It’s the first time that Volkswagen Financial Services …
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.UK Maritime Trade Operations has reported nine attacks in the …
Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million UK customers. The US giant’s 30% levy for digital purchases violated competition law and consumers affected …
Six people have been charged for their alleged roles in “smash-and-grab” robberies targeting jewelry stores across New Jersey, U.S. Attorney Robert Frazer announced. According to prosecutors, masked and gloved perpetrators used crow bars and/or sledgehammers to smash the glass doors …
Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired Wexford, Ireland-based Ornella Underwriting Ltd. Terms of the transaction were not disclosed. Ornella is a managing general agent (MGA) providing a diverse range of commercial …