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Florida Lawmakers Vote to Repeal ‘Free Kill’ Law Affecting Med Mal Suits
Adult children and parents of young adults who died under medical care will soon be able to recover punitive and pain-and-suffering damages in medical malpractice lawsuits if Florida Gov. Ron DeSantis signs a bill into law. The Florida Senate approved …
POSTED MAY 02, 2025 1:45 PM |
APCIA, IBHS Testify Before Senate Committee on Loss Mitigation
During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said the all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance, and global reinsurance markets to flourish, consumers are …
POSTED MAY 02, 2025 1:45 PM |
Ryan Specialty Finalizes Acquisition of USQRisk
Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty. The …
POSTED MAY 02, 2025 12:47 PM |
Liberty Mutual Teams With WNBA Champion New York Liberty
Liberty Mutual Insurance has announced a multiyear partnership with the New York Liberty women’s basketball team. As part of the partnership, the Liberty Mutual logo will be prominently displayed on all Liberty jerseys beginning with the 2025 season. Additionally, Liberty …
POSTED MAY 02, 2025 12:18 PM |
Rebrandings Announced by Acrisure and Clear Group Subsidiaries in UK
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, the Grand …
POSTED MAY 02, 2025 10:40 AM |
Apple Must Pay Optis $502 Million Lump Sum in UK Patent Dispute, Court Rules
Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular …
POSTED MAY 02, 2025 9:30 AM |
Harrods Is Latest UK Retailer to Be Hit by Cyberattack
London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public …
POSTED MAY 02, 2025 8:34 AM |
Denmark Plans $1 Billion War Insurance for Merchant Shipping
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …
POSTED MAY 02, 2025 8:10 AM |
Berkshire Outguns Market as Buffett Reaches 60 Years in Charge
Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annual meeting …
POSTED MAY 02, 2025 5:21 AM |
Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insurance Corp. officials said this week. “Rate reductions are …
POSTED MAY 02, 2025 5:01 AM |
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