New York’s attorney general sued Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O on Tuesday, claiming their prediction markets violate state laws against illegal gambling. In petitions filed in state court in Manhattan, Attorney General Letitia James said Coinbase and Gemini failed to obtain New York State Gaming Commission licenses to operate their markets, where people trade based on the predicted outcomes of events such as sports and elections. James said Coinbase’s and Gemini’s so-called event contracts are “quintessentially gambling” because event outcomes are outside bettors’ control or amount to games of chance. She also objected to the Manhattan-based companies…
Author: Awais
It’s been called one of the most unusual medical malpractice cases and one that has raised questions for organ donors, organ recovery centers and their insurance carriers. Paula Denison, age 57, was taken to the emergency room at Anderson Regional Medical Center in Meridian, Mississippi, late one afternoon in 2022. She showed signs of an aneurysm, brain swelling or a stroke. She was found to be drowsy and confused but with coherent speech, according to court documents. Within a few hours, the woman was pronounced “brain dead” by a physician, then “legally dead.” Denison’s family arranged for her to be…
Casualty claims are becoming more expensive at a faster rate, but medical professional liability stands out as one casualty line where compounding factors are turning severity deterioration into a heightened risk. According to an S&P Global Market Intelligence report, written by Husain Rupawala, Tim Zawacki and Jason Woleben, medical professional liability “stands out as the most severity-pressured line in casualty insurance, with the highest figure across all lines.” While severity steps down as claims mature and paid amounts reduce outstanding balances, the authors note such “moderation in newer years” primarily reflects claim immaturity rather than genuine improvement in underlying loss…
Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the Lower 48 states is in moderate to exceptional drought — including 97% of the Southeast and two-thirds of the West — according to the U.S. Drought Monitor. It’s the highest levels for this time of year since the drought monitor began in 2000. The National Oceanic and Atmospheric Administration’s comprehensive Palmer Drought Severity Index not only hit its highest level…
Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday. Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have previously said the claim was worth up to 2.1 billion pounds ($2.8 billion). They argued at a hearing last year that the businesses were overcharged because Microsoft charges higher wholesale prices for Windows Server than for users of Azure, costs…
In order for the current downward trajectory of pricing in property insurance and reinsurance to be meaningfully shifted broker Gallagher Re says that an anomalously high loss burden will be required.Writing in the broker’s Q1 2026 natural catastrophe and climate study, which reported an at least $20 billion catastrophe loss burden for the first-quarter of this year, the broker highlights that it’s going to take a meaningful uptick for the current softening of prices to be derailed. That $20 billion of Q1 2026 insured natural catastrophe losses is 26% lower than the decadal average of $26 billion, and 47% below…
In an order decided on April 20, 2026, the state’s highest court refused Travelers Casualty and Surety Company’s bid to appeal a lower court ruling that found the insurer has a duty to defend Syngenta Crop Protection, LLC against a wave of personal injury claims. The plaintiffs in those underlying cases allege they suffered bodily harm from exposure to paraquat, a herbicide product associated with Syngenta.
The retailer, which at one point had 14 MedWise sites, is divesting its nine-location network to Saint Francis Health System.
The decision, published on April 20, 2026, came from a seven-judge special panel of the Michigan Court of Appeals (Docket No. 366229). The panel unanimously overruled the 1993 decision in Citizens Ins Co v Pezzani, which had held that no-fault insurers were barred from pursuing subrogation claims against tortfeasors who were not motorists. For insurers writing no-fault auto coverage in Michigan, the implications are immediate and practical.
Fuse International, an AI-powered commercial insurance intelligence platform, has announced the general availability of Watch, a new product that plots every active US peril on a single live map, purpose-built for commercial insurance brokers and underwriters.According to the announcement, Watch is organised around four views: a Peril Map plotting active events across the continental United States, a Live Feed of insurance-relevant alerts with line-of-business context, a Forecast covering the next three days of severe-weather risk, as well as Market Pulse, a live read on the macro and commodity signals that drive insurance pricing. The Peril Map covers more than 18…
The case, brought by Liberty Mutual and nine affiliated carriers, names six provider entities – a medical practice, three chiropractic offices and two physical therapy operations – along with the licensed professionals whose names sat on the door and a group of unlicensed individuals described in the filing as the “Management Defendants.” All of them allegedly operated out of two multi-disciplinary clinics in Queens, one on Rockaway Boulevard in Jamaica and another on Merrick Boulevard in Rosedale. On paper, the practices looked like ordinary providers treating drivers hurt in crashes. Behind the scenes, according to the filing, they were something else entirely.
Hospitals and clinics told regulators that switching to rebates in the 340B drug discount program would impose costs that would outweigh the program’s benefits.
According to the filing, Insurify and Compare.com bid on “Jerry Marks” – including the federally registered JERRY trademark and common law marks such as GETJERRY, JERRY.AI, JERRY AI, JERRY INSURANCE, DRIVESHIELD, ALLCAR, GARAGEGUARD, and PRICEPROTECT – as paid-search keywords on Google, Bing, and Yahoo. The result, Jerry says, is that consumers typing its name into a search bar were served ads that looked like they pointed to Jerry but instead funneled them to competing platforms.
Specialty cyber insurance provider Cowbell said it has launched Prime One, a non-admitted cyber insurance product designed for U.S. organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion. Prime One delivers up to $10 million in limits and introduces affirmative coverage for artificial intelligence (AI)-related incidents and quantum computing risks. It is designed for organizations with complex, digitally dependent operations, and addresses exposures spanning cloud-based and interconnected systems, third-party vendors, financial transactions, and sensitive data environments. “Cyber risk is no longer confined to traditional attack vectors,” said Trent Cooksley, co-founder and chief operating officer…