New York State is providing financial assistance to a captive insurer and taking other steps to advance this form of self-insurance as part of an effort to lower insurance costs for operators of affordable housing. The state has made a …
New York Hopes Captives Can Lower Affordable Housing Insurance Costs Read More »
While auto insurance leaders reported premium growth percentages in the single digits last year, with sprinters like Progressive and Root up in the low-to-mid teens, premiums at Tesla’s insurance operations skyrocketed 40.7%, according to a new analysis. S&P Global Market …
Tesla Premiums Soared in 2025 With Loss Ratios Worse Than Industry Read More »
This edition of International People Moves details appointments at Ariel Re and McLarens. A summary of these new hires follows here. Ariel Re Taps Gallagher Re’s Sammons as Active Underwriter of Syndicate 2006 Ariel Re, the Bermuda-based reinsurer, announced the …
Insurance brokerage IMA Financial Group, Inc. announced the completion of an equity recapitalization transaction. Oak Hill Capital and New Mountain Capital are each taking minority positions, with additional participation from HarbourVest Partners and a select group of prominent institutional co-investors. …
IMA Financial Group Completes Equity Recapitalization Read More »
A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing …
Judge Says Cannot ‘Rubber Stamp’ $1.5 Million Musk-SEC Deal Read More »
US efforts to end the war with Iran were dealt a setback after a commercial vessel was apparently seized by unauthorized personnel near the United Arab Emirates, increasing uncertainty over control of the critical Strait of Hormuz. The ship, whose …
US Efforts to End Iran War Stumble as Ship Seized Near UAE Read More »
Executive summary: With plans for an EU natural disaster insurance fund in the works, EIP’s founder and CEO Ross Sinclair explores the need to improve the speed of the payout process as an essential part of building climate resilience. As …
Viewpoint: Why Speedy Payouts Matter in EU Plan to Close Insurance Protection Gap Read More »
It’s hard to overstate the impact that artificial intelligence has had since the release of generative AI platforms such as ChatGPT just three years ago. While they have led to countless advances in how we live and work, they have …
From AirTags to AI Nudification: The Growing Toolkit of Technology-Facilitated Abuse Read More »
A small Texas county outside Dallas approved a one-year moratorium on new data center and energy storage developments, pushing back against the growing number of large-scale projects fueling the artificial-intelligence boom across the state. Hill County had been approached by …
Dallas Exurb Hits Pause on Data Centers in Rare Texas Rebuke Read More »
Louisiana officials have agreed to a tentative $4.8 million settlement with the family of Ronald Greene, a Black motorist who died during a violent 2019 roadside arrest carried out by five white officers, two people with knowledge of the agreement …
Louisiana Officials Agree to $4.8M Settlement in Death of Black Motorist Read More »
