Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire September 21, 2023 Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire....
Openly Secures $100 Million in Series D Funding September 21, 2023 Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was...
Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability September 21, 2023 Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized...
MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys September 21, 2023 MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve...
John Grisham, Other Top Authors Sue OpenAI Over Copyrights September 21, 2023 By Blake Brittain A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John...
Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight September 21, 2023 By Joel Rosenblatt Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive...
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry September 21, 2023 By Dorothea Ioannou Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that...
Social Security Demands Billions From Workers’ Comp Recipients, Others for Overpayments September 21, 2023 The Social Security Administration is trying to claw back billions of dollars in disability overpayments, many of them made to...
US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing September 20, 2023 By Stefania Spezzati U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as...
United Airlines Is Latest to Discover Bogus Parts in Plane Engines September 20, 2023 By Mary Schlangenstein United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have...