A homeowner’s insurer was right to deny a grandmother coverage for a claim against her grandson because he did not qualify as a member of her household. The Massachusetts Appeals Court agreed with Arbella Mutual Insurance Co. that the grandson …
Grandson Not Covered Under Grandma’s Home Insurance Read More »
American International Group (AIG) announced a strategic partnership with global private markets firm CVC. The partnership, announced Jan. 19, includes the establishment of large-scale separately managed accounts (SMAs) across CVC’s credit strategies, for which AIG will allocate up to $2 …
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC Read More »
Zurich Insurance Group AG has gone public with a £7.67 billion ($10.3 billion) bid to buy Beazley Plc, increasing pressure on the UK-listed company it’s been wooing for more than 12 months. The Swiss insurer offered to buy London-based Beazley …
Zurich Makes £7.7 Billion Bid for Specialty Insurer Beazley Read More »
Uber launched in 2010 in San Francisco with just a few cars and in the fourth quarter of 2024 paid their drivers $20 billion. Airbnb’s website says that it was born in 2007 when two hosts welcomed three guests in …
Your clients are sharing everything. What could possibly go wrong? Read More »
Toscafund Asset Management and other minority shareholders of Caravela Seguros are exploring a sale of the Portuguese insurer, according to people familiar with the matter. London-based Toscafund, which owns a 48% stake in Caravela, has hired Mediobanca to advise on …
Toscafund Is Said to Explore Sale of Portuguese Insurer Caravela Read More »
Just as European companies were getting used to last year’s hard-won U.S. trade tariff deals, President Donald Trump has put them back in his crosshairs with an explosive threat to place levies on nations that oppose his planned takeover of …
Trump’s Greenland Threat Puts Europe Inc Back in Tariff Crosshairs Read More »
Chilean President Gabriel Boric declared a state of catastrophe in two southern regions of the country where raging wildfires have killed at least 15 people and forced tens of thousands to evacuate. Ante los graves incendios en curso he decidido …
Chile Declares Catastrophe as Deadly Fires Force Evacuations Read More »
South Africa declared a national disaster after severe weather conditions led to deadly floods across parts of the country. Heavy rainfall, strong winds, lightning and flooding have resulted in loss of life, significant damage to infrastructure and property, environmental degradation …
South Africa Declares National Disaster After Deadly Floods Read More »
California Attorney General Rob Bonta sent xAI a cease-and-desist letter that orders the company to immediately halt the creation and distribution of deepfake, nonconsensual, intimate images and child sexual abuse material. Creating, distributing, publishing or exhibiting child sexual abuse material …
California Attorney General Issues Cease and Desist Letter to xAI Read More »
Allstate can move forward in its recovery of $4.7 million it paid to settle fraudulent medical claims with a Houston, Texas medical facility, the Fifth Circuit has ruled. The federal appellate court reversed a lower court’s ruling that Allstate’s RICO …
Allstate Can Proceed with Recovery in Texas RICO Case: Fifth Circuit Read More »
