Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says March 22, 2024 By William Rabb Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a...
Possibility of a Billion-Dollar Systemic Cyber Event ‘Real’ March 22, 2024 By Jahna Jacobson A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps...
SpaceX Forced Workers to Sign Illegal Severance Agreements, Claims NLRB March 22, 2024 By Daniel Wiessner Elon Musk’s SpaceX has been accused by a U.S. labor agency of requiring employees who were laid off or fired...
Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting March 22, 2024 By Andrew G. Simpson A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass...
Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing March 22, 2024 Efforts to rein in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a...
Clearcover Launches Generative AI Tool Aimed at Expediting Claims Processing March 22, 2024 By Don Jergler Clearcover launched a generative AI tool the company said is designed to further digitize statement collection, significantly streamlining the insurance...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 22, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
US Takes on Apple in Antitrust Lawsuit March 21, 2024 By Doina Chiacu, David Shepherdson, Stephen Nellis and Andrew Goudsward The U.S. Department of Justice on Thursday sued Apple, the first major antitrust effort against the iPhone maker by the...
SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’ March 21, 2024 By Chad Hemenway The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.”...
West Texas Ranchers Face Losses After Historic Wildfires March 21, 2024 By Jayme Lozano-Carver, The Texas Tribune There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several...