Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources July 25, 2023 By M. Sriram U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a...
Greece Wildfires Raise Questions for Tourists About Their Travel Insurance Cover July 25, 2023 By Carolyn Cohn, Sinead Cruise and Tom Sims Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised...
Insurtech Accelerant Weighs IPO or Private Share Sale, CEO Says July 25, 2023 By Pablo Mayo Cerqueiro, Echo Wang and David French Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider...
UK Court Dismisses Climate Case Against Shell in Blow for Activists July 25, 2023 By Sam Tobin Environmental law charity ClientEarth’s unsuccessful attempt to sue Shell over its climate strategy shows the difficulties in bringing activist shareholder...
Apple Faces $1 Billion UK Lawsuit by Apps Developers Over App Store Fees July 25, 2023 By Foo Yun Chee Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500...
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...
Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes July 25, 2023 By Jonathan Saul Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River...
People Moves: Germano Named DUAL Casualty Leader; Shaw Joins Axis to Help Lead Specialty Programs; Victor Appoints Cashman President of ICAT July 25, 2023 DUAL North America announced Connie Germano as its chief casualty officer. Germano’s appointment comes as DUAL continues to expand its...
Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack July 25, 2023 By William Rabb Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in...