Japanese Insurer’s Plan to Sell Foreign Debt Flashes Market Warning April 18, 2023 By Yumi Teso and Masahiro Hidaka A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may...
FTX Celebrity Promoters Say Crypto Investors Cannot Sue Over Accounts April 18, 2023 By Jody Godoy Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in...
Church Tried to Exclude Named Storms, But Appeals Court Says Coverage Due Anyway April 18, 2023 By Jim Sams In 2015, the Shilo Christian Center in Melbourne, Florida, cut its property insurance premiums in half by asking its insurer...
Florida Insurers Facing a New 1% Assessment on Premiums for Insolvent Insurer Claims April 18, 2023 By William Rabb Florida property insurers are preparing for another assessment on premiums to help the Florida Insurance Guaranty Association fund outstanding claims...
Shelter-in-Place Order Lifted After Georgia Chemical Plant Fire Extinguished April 18, 2023 By Associated Press Emergency crews extinguished a fire at a Georgia chemical plant shortly after 10 p.m. Saturday, allowing officials to lift a...
Breaking it Down: What Florida Insurers Need to Know about Bad Faith After Tort Reform April 18, 2023 By Brett Carey Bad-faith litigation is a hot topic in Florida following the passage of the new tort-reform measure known as House Bill...
Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures April 18, 2023 Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm...
A Look Back at Boston Marathon Bombing Insurance Claims April 18, 2023 By Andrew G. Simpson Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston...
California Workers’ Comp Fraud Task Force Uncovers $1.6M in Unreported Payroll April 18, 2023 California private security company owner Luis Burgos, 50, and his former business partner, Sohan Singh, 57, were charged for their...
Thieves Grab Hundreds of Thousands of Dimes From Parked Truck April 18, 2023 A truck containing hundreds of thousands of dollars worth of dimes was broken into while it was parked overnight at...