Insurance
Markets/Coverages: Coalition Launches Excess Cyber Insurance in Quebec
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering Excess Cyber Insurance policies in Quebec along with a refreshed Excess offering across Canada. The refreshed Excess offering will enable Canadian businesses, now including those …
Read More Rivian Agrees to Pay $250 Million to Settle IPO Fraud Lawsuit
Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday. The …
Read More EU’s New Sanctions Boost Allies’ Push to Hit Russian Energy
The European Union adopted a new package of sanctions targeting Russia’s energy infrastructure, building on new US and UK moves to chip away at Moscow’s ability to wage its war against Ukraine. The EU measures will ban LNG imports from …
Read More Apple Loses Landmark UK Lawsuit Over App Store Commissions
Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech company on the hook for hundreds of millions of pounds in damages. The Competition …
Read More People Moves: CRC Group Names New Team Members in Specialty Division; Howden US Appoints Hanback EVP
CRC Group Names New Team Members in Specialty Division CRC Group, headquartered in Birmingham, Alabama, added three new professionals to its CRC Specialty division. Ryan Degale rejoins CRC Specialty as a broker based in Orlando with the Boca Raton, Florida …
Read More Growth Momentum Continues for Program Business: TMPAA
The program business sector is growing at a rate that outpaces the broader commercial insurance market. Between 2010 and 2020, the program business sector grew from $17.5 billion in commercial insurance revenue to $53.8 billion. In 2024, premium volume climbed …
Read More Waymo to Manually Test Autonomous Vehicles at Newark Airport
Alphabet’s Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main airports serving the New York City area. …
Read More Trucking App Trucker Path Launches Retail Insurance Agency
The company behind a trucking navigation and compliance apps has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused exclusively on trucking insurance. Trucker Path Insurance debuted with …
Read More Conservative Activist Sues Google Over AI-Generated Statements
Conservative activist Robby Starbuck sued Google on Wednesday, alleging the tech giant’s artificial intelligence systems generated “outrageously false” information about him. Starbuck said in the lawsuit, filed in Delaware state court, that Google’s AI systems falsely called him a “child …
Read More University of Virginia Strikes Deal to Avoid Trump Investigations, Protect Funding
The University of Virginia has agreed to abide by White House guidance forbidding discrimination in admissions and hiring, becoming the latest campus to strike a deal with the Trump administration as the college tries to pause months of scrutiny by …
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