Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
Strong Storms Put California Levees to The Test January 9, 2023 By Adam Beam With multiple powerful storms continuing to bear down on California, state officials have warned that rural areas are the most...
Teva Says Opioids Settlement to Move Forward January 9, 2023 Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward...
French Drugmaker Servier Appeals 2021 Convictions Connected to Weight-Loss Pill January 9, 2023 French drugmaker Servier on Monday launched its appeal against manslaughter and deception convictions handed down by a Paris court in...
Massachusetts High Court: Policy Terms, Not Common Law, Control in Loss Prevention Cost Claim January 9, 2023 By Andrew G. Simpson In a pollution liability case, the Massachusetts high court has determined that an insurer does not have a common law...
Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap January 9, 2023 By Alaric Nightingale Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed...
Georgia Has Funds for Testing Lead in Water But Few Schools Sign Up January 9, 2023 Lead exposure can have serious health consequences for children, but only a fraction of Georgia schools have signed up for...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal January 9, 2023 Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year...
Mississippi Farms Settle Suits Over South African Laborers’ Higher Wages January 9, 2023 Two agriculture businesses in the Mississippi Delta and some Black farm workers have settled the workers’ lawsuits over claims the...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash January 9, 2023 By Chad Hemenway Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners...