Lloyd’s Launches 2nd Protected Cell Company to Provide Greater Flexibility for Investors August 8, 2022 Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance...
AIA Weighs Purchase of Billion-Dollar Shanghai Tower as Its Expands Business in China August 8, 2022 By Bloomberg News Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it...
Alex Jones’ $49.3M Verdict and the Future of Misinformation August 8, 2022 By Michael R. Sisak Alex Jones is facing a hefty price tag for his lies about the Sandy Hook Elementary School massacre – $49.3...
Ukraine Nuclear-Plant Disaster Is ‘Real Risk,’ IAEA Warns August 8, 2022 By Bloomberg News Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the...
Energy Transfer Reports Louisiana Natgas Pipeline Ruptured in July August 8, 2022 By Laila Kearney Energy pipeline operator Energy Transfer has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet...
U.S. Agency Probes Tesla Crashes That Killed 2 Motorcyclists August 8, 2022 By Tom Krisher Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new...
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges August 8, 2022 The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market,...
Judge in Flint Water Case Talks to Lawyers, Seals Transcript August 8, 2022 By Ed White A judge handling a trial over liability for lead contamination in Flint’s water sealed the transcript of a hearing with...
Malaysia to Offer Crop Insurance to Strengthen Food Security August 8, 2022 By Ravil Shirodkar Malaysia will offer government-backed insurance plans to help compensate farmers for losses after natural disasters, as part of measures to...
Catch 2022: Law Requires Fla. Insurers to Report Plaintiff Legal Fees, But Data Not There August 8, 2022 By William Rabb At a recent workshop held by the Florida Office of Insurance Regulation, a claims specialist for USAA summed up the...