Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232 September 13, 2022 Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions,...
Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices September 13, 2022 By Foo Yun Chee Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices...
Georgia Shrimpers, Businesses File Suits Over Capsized Cargo Ship Pollution September 13, 2022 Fishermen, shrimpers and business owners dependent on coastal tourism have filed lawsuits over pollution caused when a cargo ship capsized...
Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen September 13, 2022 By Sinead Cruise, Carolyn Cohn and Kate Holton Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events...
Restaurants Working to Halt New California Fast Food Worker Law September 13, 2022 Restaurant owners moved recently to at least temporarily block a nation-leading new California law giving more power to fast food...
U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill September 13, 2022 By Nichola Groom The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect...
Property Catastrophe Reinsurance Entering a True Hard Market September 13, 2022 By Robert Mazzuoli and Brian C. Schneider, Fitch Ratings Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
Bezos’ Blue Origin Suffers Rocket Failure During Uncrewed Mission September 13, 2022 A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule...
Climate Change Is Overwhelming U.S. Flood Maps, FEMA Head Says September 13, 2022 Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and...
Lender, Builder to Settle Wetlands Lawsuit over St. Simons Island in Georgia September 13, 2022 By Insurance Journal Staff Reports A construction company and mortgage lender accused of damaging wetlands on a famous Georgia island have agreed to settle a...