Vermont’s effort to make fossil fuel companies pay for damage caused by climate change was tested Monday in a federal courtroom, where the state argued that two lawsuits challenging its groundbreaking 2024 law should be thrown out. Vermont became the …
Vermont Defends Its Climate Superfund Law Against Trump Administration Lawsuit Read More »
The recent escalation of the Middle East war introduces geopolitical instability with potential long-lasting effects on commodities, financing conditions, global supply chains, and macro-credit conditions depending on the duration and scale of the conflict. S&P Global Ratings’ base case for …
Viewpoint: How Will the Middle East War Affect the Insurance Sector? Read More »
The Bank of England said on Wednesday that the Iran war had dealt “a substantial negative supply shock” to the world economy, increasing the danger that pre-existing threats to financial stability materialize. The BoE said the prospect of weaker growth …
Bank of England Says Iran War Has Boosted Threats to Financial Stability Read More »
Insurers including Chubb, Fidelis and Lloyd’s were granted permission on Tuesday to appeal against a London court ruling in favor of the world’s largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine. London’s High Court …
War Risk Insurers Win Bid to Appeal UK Ruling on Jets Lost in Russia Read More »
A venture-backed technology firm says it has built what it describes as the first U.S. insurance carrier designed to operate without human decision-making in its core functions, replacing traditional underwriting, agent interaction and claims adjudication with a unified artificial intelligence …
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier Read More »
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets. The data, intended to be collected at the ZIP code level, will help …
NAIC Issues Nationwide Data Call to Homeowners Insurers Read More »
The companies that typically make up the backbone of the US initial public offering market are eyeing the Iran war for signs volatility could boil over and wreck their plans. For banks, there’s a ray of hope — that SpaceX’s …
US IPO Prospects in Limbo as War Dents Optimism Ahead of SpaceX Read More »
Boating accidents in crowded Biscayne Bay near Miami have claimed the lives of two Floridians, including a Miami insurance agency customer representative and the CEO of a medical conference services firm. Multiple news sources reported that Davide Veglia, 55, of …
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents Read More »
A Florida hospital has dropped its lawsuit seeking to evict a patient who refused to vacate a room for months after she was discharged because, the hospital said, she finally left. Tallahassee Memorial Hospital filed the lawsuit this month requesting …
Tallahassee Hospital Drops Eviction Suit After Patient Finally Moves Out Read More »
It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …
