A bond market designed around natural catastrophes is proving remarkably resilient to a man-made market meltdown. While most markets have seen deep selloffs since Donald Trump’s “Liberation Day” tariff announcement, investors in catastrophe bonds have sailed through with hardly a …
Hackers intercepted about 103 bank regulators’ emails for more than a year, gaining access to highly sensitive financial information, according to two people familiar with the matter and a draft letter to Congress seen by Bloomberg News. The attackers were …
Helix Underwriting Partners Ltd., the Bermuda-based managing general agent (MGA), has launched a professional lines program with a maximum line limit of $10 million. Backed by Somers Re, the Bermuda-based program is writing a portfolio of professional liability products and …
PointeNorth Insurance Group, one of the largest and fastest-growing independent agencies in the Southeast, has acquired three agencies in Alabama, the latest move in the group’s expansion plans. The acquisitions include Holloway and Hunt Insurance in the town of Arab, …
A judge has dismissed a lawsuit by former Mississippi Gov. Phil Bryant that claimed a local news outlet defamed him in public comments about its Pulitzer Prize-winning reporting on the misspending of $77 million in federal welfare funds. The one-page …
Wilmer Escaray left Venezuela in 2007 and enrolled at Miami Dade College, opening his first restaurant six years later. Today he has a dozen businesses that hire Venezuelan migrants like he once was, workers who are now terrified by what …
Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog presented opening arguments in a hearing to determine the fate of State Farm’s request for an emergency homeowners rate increase yesterday. The public hearing in Oakland, Calif., …
With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest, extreme weather is already battering US homes in 2025. Homeowners should expect their insurance rates to jump accordingly, says Insurify, …
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Jazz Pharmaceuticals said on Tuesday that it had agreed to a settlement of $145 million to resolve a series of antitrust lawsuits related to its narcolepsy drug, Xyrem. Xyrem, a medication approved in the U.S., is used for the treatment …
