Direct-to-consumer homeowners insurer Kin said it has raised an oversubscribed $50 million Series E financing, at a pre-money valuation of $2 billion. The digital insurer also closed on a $200 million debt facility, $145 million of which was used to …
Direct Home Insurer Kin Raises $50M in Series E Financing Read More »
Everest Insurance, the insurance division of Everest Group, recently announced the launch of EverBuild, an enhanced Builder’s Risk coverage form. EverBuild underscores the company’s long-standing commitment to supporting the construction industry with tailored, innovative solutions. The updated form was developed …
Markets/Coverages: Everest Introduces EverBuild for Evolving Construction Risks Read More »
A federal bankruptcy judge on Friday signed off on a $246 million fund to pay abuse claims as part of the Catholic Diocese of Rochester’s Chapter 11 reorganization plan to emerge from bankruptcy. Having witnessed six years of bankruptcy proceedings, …
Judge Approves Chapter 11 Plan for Rochester Diocese With $246M Claims Fund Read More »
Ames & Gough, headquartered in McLean, Virginia, appointed Lauren Martin and Jessie Witherow as vice presidents and of Nicole Gonzalez and Katie O’Brien as assistant vice presidents. All four executives are based in the firm’s Washington, D.C., office. Martin joined …
People Moves: Ames & Gough Promotes Four Executives Read More »
A softer reinsurance market will prevail during the Jan. 1 reinsurance renewals. The only question is how much more softening will happen and how fast, leaders of Guy Carpenter said during a recent media briefing. Laurent Rousseau, Guy Carpenter’s chief …
How Fast Will the Reinsurance Market Soften? Read More »
New York Attorney General Letitia James announced a resolution of her office’s lawsuit to protect Buffalo children and families from lead poisoning in their homes. An agreement filed Friday in Erie County Supreme Court settles the lawsuit and requires the …
New York Attorney General Settles Lead Paint Complaint Against Major Buffalo Landlord Read More »
Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, the fourth penalty Google has …
Google Hit With $3.45 Billion EU Antitrust Fine Over Adtech Practices Read More »
A judge has dismissed a lawsuit against Detroit police in the wrongful arrest of a pregnant woman who was charged in a carjacking partly because of facial recognition technology. Porcha Woodruff, who was eight months pregnant, spent 10 hours in …
Judge Dismisses Lawsuit Against Detroit Officer in Facial Recognition Arrest Read More »
The California Insurance Commissioner’s Conservation and Liquidation Office (CLO), as Conservator of California Insurance Company (CIC), is seeking an Independent Consultant to assist the Conservator in performing Section 2.6 and Schedule 2.6 of the Rehabilitation Plan for CIC, a workers’ …
As natural catastrophes become more frequent and destructive, a key backstop intended to help cover losses has gotten harder to access. The reinsurance industry, which exists to help primary insurers cope with losses when disaster hits, has taken significant steps …
S&P Warns of Reinsurer Protections as Catastrophe Risks Escalate Read More »
