Fox Can Challenge Smartmatic’s $2.7 Billion Defamation Claim Over 2020 Election January 25, 2024 By Erik Larson Fox Corp. can proceed with its claims that Smartmatic Corp.’s $2.7 billion defamation lawsuit wildly exaggerates the financial harm it...
Wall Street Stock-Lending Platform Crashes in Ransomware Attack January 25, 2024 By Donal Griffin and Ryan Gallagher The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of...
Record Underwriting Income Highlights W.R. Berkley Q4 Results January 24, 2024 By Chad Hemenway Fourth quarter net income at W.R. Berkley Corp. increased 4% compared to the same period the prior year to about...
People Moves: Konchar, Mulcahy Named Regional VPs at Donegal; Ross Elected President The Insurance Library January 24, 2024 Donegal Insurance Group, headquartered in Marietta, Penn., named two new regional vice presidents. Wes Konchar will lead Donegal’s Marietta region,...
Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023 January 24, 2024 By Chad Hemenway Progressive Corp. today said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a...
SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle January 24, 2024 By Lydia Beyoud Wall Street’s main regulator on Wednesday is set to demand more investor protections for deals involving special purpose acquisition companies,...
Markets/Coverages: MGA Sands Point Risk Launches With Transaction Liability Practice January 24, 2024 Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL,...
US Insurers Optimistic, Open to Take More Investment Risk in 2024: Conning January 24, 2024 Most U.S. insurers plan to take on more investment risk in 2024, and said the risks associated with the use...
Compared to Prior Quarter, All Commercial Lines Saw Renewal Rate Up in Q4: Ivans January 24, 2024 Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....