Meta Sues Former Employee Over Alleged Stolen Documents Meta Platforms Inc. sued one of its former vice presidents for what it called a “stunning” betrayal in his defection... Read More
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured... Read More
Editor's Picks Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023 AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number... Read More
Nvidia Is Sued by Authors Over AI Use of Copyrighted Works Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without... Read More
FEMA Expands Reinsurance Program by Transferring $575M in Flood Risk to Capital Markets The Federal Emergency Management Agency in an effort to engage reinsurance markets to bolster the financial framework of the National... Read More
Editor's Picks Fifth Circuit Holding Addresses Scope of BI Coverage Under Cyber Policy The Fifth Circuit added to the emerging body of case law addressing the recovery of business income losses in the... Read More
Report: U.S. Consumers Continue to Shop and Switch Auto Insurance at Higher Rates, Dragging on Retention Rates Continued rate increases, along with improved combined ratios, and now opens a window for insurers to capitalize on continued shopping... Read More
Editor's Picks Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program Louisiana Insurance Commissioner Tim Temple expects lawmakers to allocate at least $20 million to the Lousiana Fortify Homes Program during... Read More
Editor's Picks Xcel Texas Wildfire Legal Reckoning to Take Years to Play Out Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas... Read More
Editor's Picks Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million... Read More