Florida Citizens Revises Ian Loss Estimate to $3.8B, Including Litigation Expenses November 15, 2022 By Insurance Journal Staff Reports Direct losses, litigation and other expenses from Hurricane Ian will reach $3.8 billion for Florida’s Citizens Property Insurance Corp., but...
The Spectacular Fall of FTX: Considerations About Crypto Custody and Insurance November 15, 2022 By Jonathan Reid Reich The FTX crypto exchange (and more than 130 affiliates) filed for bankruptcy in Delaware. FTX was recently valued at $32...
Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions November 15, 2022 By Marianna Parraga The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by...
AI-Powered Claims Specialist omni:us Closes €12M Financing Round November 15, 2022 omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion...
Families of California Mass Shooting Victims Splitting $8M Settlement November 15, 2022 The families of nine people killed last year by a co-worker at a California rail yard will receive $8 million...
Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture November 15, 2022 By Sridhar Natarajan and Max Abelson Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic...
People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines November 15, 2022 This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new...
Gallagher Acquires NC-based Intellectual Property Insurance Firm November 15, 2022 The global insurance brokerage and consulting firm, Arthur J. Gallagher & Co., has acquired a North Carolina-based intellectual property insurance...
16 Hurt When Semitrailer Strikes Bus Carrying Hockey Team in Indiana November 15, 2022 Sixteen people have been injured, three critically, after a semitrailer collided with a bus carrying a youth hockey team from...
Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder November 15, 2022 Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s...