Hong Kong’s FWD Weighs Pre-IPO Round as Listings Slow: Sources May 16, 2023 By Manuel Baigorri FWD Group Holdings Ltd. is weighing a private funding round as the Asian insurer’s long-planned initial public offering is set...
Update: Oil Majors Should Pay $12B to Repair Damage in Nigeria: Report May 16, 2023 By William Clowes Oil companies including Shell Plc and Eni SpA should pay $12 billion to repair environmental devastation in Nigeria’s crude-rich Niger...
More States Adopting Professional Standards for Public Adjusters May 16, 2023 By Jim Sams A movement to establish professional standards for public adjusters gained ground this year, with lawmakers in five states passing bills...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21 May 16, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in...
Supreme Court Rejects Teva Challenge to $235 Million GSK Award in Patent Dispute May 16, 2023 By Blake Brittain The U.S. Supreme Court on Monday declined to hear Teva Pharmaceuticals USA Inc’s challenge to a $235 million award to...
Cyclone Mocha Is One of Strongest Storms Recorded in North Indian Ocean May 16, 2023 By Brian K. Sullivan The remnants of Tropical Cyclone Mocha have moved further inland over Myanmar after coming ashore Sunday with winds of 155...
Elon Musk Loses Bid to End SEC ‘Muzzle’ Over Tweets May 16, 2023 By Jonathan Stempel A federal appeals court on Monday rejected Elon Musk’s bid to modify or end his 2018 securities fraud settlement with...
New Zealand Pledges $720M for Cyclone and Flood Recovery May 16, 2023 The New Zealand government said on Sunday it was allocating NZ$1.1 billion ($720 million) to help communities recover from a...
More States Adopted Professional Standards for Public Adjusters This Year May 16, 2023 By Jim Sams A movement to establish professional standards for public adjusters gained ground this year, with lawmakers in five states passing bills...
Florida Governor Signs Bill Limiting Skate Rink Liability May 16, 2023 By Insurance Journal Staff Reports Florida’s governor has signed into law a bill that could help reduce premiums for the dwindling number of roller-skating rinks...