New Jersey High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack July 26, 2023 By Andrew G. Simpson The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance...
Congress Wades Into Self-Driving Debate With New House Bills July 26, 2023 By Keith Laing Congress is wading into the debate over whether automakers should be allowed to sell hundreds of thousands of self-driving cars...
Agency M&A Down 24% in First Half 2023: OPTIS July 26, 2023 Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of...
Chubb ‘Record’ Q2 Sees Net Income Up 50.7% July 26, 2023 By Chad Hemenway Chubb second-quarter net income went up 50.7% to nearly $1.8 billion and its property/casualty combined ratio came in at 85.4....
Berkley on Industry’s Financial Results: ‘Cat Losses Count’ July 25, 2023 By Chad Hemenway The fact is, catastrophe losses are a part of an insurers’ financial results and not a line item to be...
Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court July 25, 2023 By Andrew G. Simpson The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over...
Elon Musk to Appeal Loss in SEC Case to Supreme Court July 25, 2023 By Jonathan Stempel Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority...
A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines July 25, 2023 By Don Jergler U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that...
Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says July 25, 2023 By Andrew Goudsward Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S....
Litigation Financing: A Dangerous Game or Levels the Courtroom Playing Field? July 25, 2023 By Jim Sams In insurance defense attorney Dennis Kass’ world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much...