In a Selma neighborhood — a few blocks from the starting point of the 1965 voting rights marches — the path of a January tornado remains clear. Homes sit collapsed or missing walls and roofs. Some building are marked with …
Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes, according to a property developer, signaling the massive rebuilding effort that needs to be undertaken. “That’s an optimistic estimate,” Ekonomi …
Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest earthquake in …
Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with Stone Point in the investment into …
There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm. The New Jersey Supreme Court ruled yesterday that a trial court erred …
Production is expected to resume this spring on the movie “Rust” that was halted in October 2021 after a fatal shooting on the set involving actor-producer Alec Baldwin. Rust Movie Productions also announced Tuesday that a related documentary will detail …
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor depreciation. The complaint (Grawe v …
44 active funders in the U.S. market had a combined $13.5 billion in assets under management Annual report provides a rare look into industry’s scope Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped …
An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be held responsible for promoting harmful speech? The case, Gonzalez v. Google, could upend the modern internet economy, sparing no online …
This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&O Rokstone, the London-based international speciality re/insurance MGA, part …