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 …
Hundreds of irate residents of the Ohio town where a train derailed and spilled toxic chemicals packed into a high school gym on Wednesday, seeking answers to what health dangers they face. East Palestine Mayor Trent Conaway, looking angry and …
The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralized finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers …