Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability January 26, 2023 By Dan Levine and Mike Spector Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun...
Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks January 26, 2023 By Eric Roston Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A...
Anti-Sexual Harassment Organization, Times Up, Shifts Resources to Legal Fund January 26, 2023 By Jocelyn Noveck The Golden Globes carpet typically glitters with crystal-studded gowns in pastel hues, but it looked different in January 2018: The...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year January 26, 2023 Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132...
Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030 January 26, 2023 By Elizabeth Blosfield Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of...
Shareholders Can Sue McDonald’s Ex-Executive in Landmark Ruling January 26, 2023 By Tom Hals Shareholders can sue McDonald Corp’s former global chief people officer for the damage they claim he caused to the restaurant...
FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist January 25, 2023 A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last...
Report Says Social Inflation Adds Up to 11% to Physician Malpractice Claims January 25, 2023 By Jim Sams Social inflation accounts for 8% to 11% of all medical malpractice losses for carriers that insure physicians, according to an...
A Class-Action Wave Is Coming for ESG Claims January 25, 2023 By Tim Quinson Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by...
Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program January 25, 2023 kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of...