INSURANCE NEWS
Gallagher: Securities Class-Action Settlement Dollars Up $48% in H1
For the first half of 2026, when it comes to securities class actions, the plaintiffs bar is winning, according to Gallagher. In a new report on the lawsuits targeting directors and officers, Gallagher said total settlement dollars increased sharply. After …
Reinsurance MGA Envelop Risk to Launch Lloyd’s Syndicate 1925
Envelop Risk, global specialty cyber underwriting firm, announces it has received in-principle approval from Lloyd’s to launch Envelop Syndicate 1925, transitioning from its existing Lloyd’s special purpose arrangement (SPA). The syndicate will commence underwriting on January 1, 2027. Envelop Risk …
Severe Storms and Flooding Claim at Least 5 Lives in Indiana
Indiana authorities said at least five people have died as a result of severe storms and flooding across the state this week, as first responders used boats to rescue more people Saturday from rising waters in neighborhoods along the White …
Trump Spurned Again by Supreme Court on $5 Million Carroll Award
The US Supreme Court for a second time rejected President Donald Trump’s request to overturn a jury finding that he sexually abused and defamed the writer E. Jean Carroll. The rebuff leaves intact a $5 million award that Carroll collected …
SEC to Keep Hands Off Shareholder Proposals, Worrying Activists
The top U.S. financial regulator on Friday made permanent its decision to cease judging whether companies may exclude shareholder resolutions from votes at annual meetings, leaving investor activists concerned about diminishing influence. In practice, the change announced by the U.S. …
Belgian Firefighters Battle Record Blaze Near German Border
Emergency services were attempting to control a large wildfire in the east of Belgium on Sunday, after the blaze destroyed about 2,700 hectares (6,700 acres) of a nature reserve and forced about 600 residents to evacuate in an area near …
Liechtenstein Rules Out Paying Hackers Ransom After Data Breach
Two weeks after an unprecedented hacking attack shook the tiny Alpine principality of Liechtenstein and its outsize financial center, officials say they still don’t know who the perpetrators were or what they want. Yet one thing is clear according to …
UK Steps Up Scrutiny of Defense Supply Chain After China Scare
The UK Ministry of Defense is stepping-up scrutiny of its supply chain after discovering some of its naval drones transmitted signals to China. The department revealed earlier this week that a routine cyber vulnerability assessment identified an issue affecting K3 …
FTC Probes Health Records Giant Epic Systems, Sources Say
Epic Systems, a healthcare database company that holds the medical records of hundreds of millions of Americans, is facing an antitrust investigation by the U.S. Federal Trade Commission, two sources familiar with the matter told Reuters. Epic runs the patient …
US Ready to ‘Take Any Actions Necessary’ to Fight EU ESG Rules
The US is doubling down on its efforts to quash European environmental and human rights rules it says unfairly impact American companies. The Trump administration “will take any actions necessary to address unreasonable burdens on US commerce” if the European …
A Challenged Man Took the Fall for a Crash But Amended Complaint Came Too Late
For an establishment to be sued on liquor liability grounds in Florida, plaintiffs must show that the bartender knew the over-served, drunken driver was an addict. The plaintiffs also cannot expect to prevail if an amended complaint—naming a different driver—is …
Six Persons Indicted for Roles in Multi-State Retail Theft Ring
Multiple individuals face federal and state indictments in connection with a multi-state organized retail-theft ring that impacted Prince George’s County and other areas in Maryland, Delaware, and Pennsylvania. The U.S. Attorney’s Office for the District of Maryland and the Prince …