Google Case at Supreme Court Risks Upending the Internet as We Know It February 16, 2023 By Emily Birnbaum An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be...
Litigation Funders Deployed $3.2B in U.S. Investments Last Year February 16, 2023 By Sara Merken Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped their investments last year, committing...
Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments February 16, 2023 By Andrew G. Simpson Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against...
Stone Point to Acquire Stake in Truist Insurance for Nearly $2B February 16, 2023 Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone...
Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage February 16, 2023 Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27% February 16, 2023 By Chad Hemenway Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion...
Travel Insurance to Take Off as Year-End Cancellations Spook Flyers February 16, 2023 Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after...
Unfavorable Reserve Development of $330M in January: Progressive February 15, 2023 Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month...
FAA Forms Safety Review Team After Near Miss Incidents February 15, 2023 By David Shepardson The acting head of the Federal Aviation Administration (FAA) is forming a team of experts to review airline safety after...
Why Not Go Direct on Homeowners, Allstate CEO Asks February 15, 2023 By Susanne Sclafane When Allstate’s chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of...