An anti-vaccine group aligned with U.S. Health Secretary Robert F. Kennedy Jr. is petitioning him to vastly broaden a federal list to include more than 300 injuries it says are linked to immunizations, and has threatened to sue if he does not. The petition, dated March 20, calls for amendments to the Vaccine Injury Table, which currently lists 47 potential vaccine-related injuries. It enables expedited compensation for claimants without proving a vaccine actually caused their health issue if their symptoms match those on the list. The petition includes a 60-day notice of intent to sue if Kennedy does not begin…
Author: Awais
A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes that plan clear, a federal appeals court said in shooting down a proposed class-action lawsuit against Cincinnati Casualty Co. The policyholder, a Florida-based investment firm with property in Kentucky, also purchased an additional policy that would have covered the $45,000 depreciation deduction. But the firm blew it by failing to make repairs within two years of the loss, as required by the policy, the U.S. 6th Circuit Court of Appeals wrote in a March 25 opinion in Schoening Properties vs.…
Ex-hedge fund boss Crispin Odey cornered a female receptionist after an alcohol-fueled lunch and told her “I could attack you now,” according to a diary entry by the staffer revealed at a London court on Tuesday. When she verbally resisted his advances, the tycoon told the receptionist ‘You could sue me for that’,” according to notes she took at the time to record Odey’s alleged misconduct. The entry from January 2020 was included as evidence in an internal report compiled by lawyers for Odey Asset Management. Giving evidence on the first day of three in the witness box, Odey said…
Fighting has all but halted oil exports through the Strait of Hormuz, the narrow waterway that carries about a fifth of the world’s oil and liquefied natural gas, or LNG. The disruption has jolted energy markets, pushing up prices and straining import-dependent economies. Asia, where most of the oil was headed, has been hit hardest, but the disruptions also are a strain for Europe, where policymakers are looking for ways to cut energy demand, and for Africa, which is bracing for rising fuel costs and inflation. Read more: Iran War Should Trigger Faster Exit From Fossil Fuel Dependence: UN Climate…
Zurich, the European headquartered global re/insurance company, has returned to the catastrophe bond market to sponsor its first deal since late 2012, seeking $125 million or more in US named storm and earthquake reinsurance protection with a Turicum Re Ltd. (Series 2026-1) issuance, Artemis can report.Zurich was first seen as a sponsor in the catastrophe bond market way back in 2001, returning a number of times up to its last Lakeside Re issuance in late 2012, according to our records in the Artemis Deal Directory. Since then, the global insurance and reinsurance company has been absent from the market as…
At ALKEME, Ryan Deeds reframes innovation as a cultural and operational challenge, not a technology problem
The insurance program draws capacity from insurers based in the United States, London, and Bermuda, creating a multi-market structure designed to provide coverage throughout the construction phase of the facility. The program is intended to support TerraPower and its project partners as construction is set to commence.
PartnerRe, the Bermuda headquartered reinsurance company, ceded far less in risk to its Lorenz Re Ltd. special purpose insurer in 2025, with reductions in recent years signalling a change in strategy and shift to utilise other structures for its insurance-linked securities investor relationships.PartnerRe helps investors access returns from its reinsurance underwriting business through its PartnerRe Capital Management division, which manages capital on behalf of third-party investors and deploys it to reinsurance opportunities in both aligned and more direct opportunities. In the past, Lorenz Re was the main ILS structure that PartnerRe utilised for its work with third-party investors, with the…
The most recent reductions add to earlier job cuts disclosed since mid-2025. In total, 237 positions have now been identified for elimination in Newark through multiple filings. The pace of reductions, however, is lower than in 2024, when the company filed WARN notices covering a combined 637 positions.
More than 40% of users said they upload personal health information like test results or doctor’s notes into AI tools, even as many adults are worried about data privacy, according to the poll by KFF.
As insurers respond to shifting market pressures and evolving customer expectations, leadership is increasingly defined by adaptability, collaboration, and the ability to guide organizations through uncertainty. Across the US, many female leaders are playing a central role in this transition, influencing how businesses strengthen performance while supporting long-term industry resilience.
A Los Angeles jury on Wednesday found Meta and Alphabet’s Google negligent for designing social media platforms that are harmful to young people, in a $6 million verdict that will serve as a bellwether for numerous similar cases. The jury found Meta liable for $4.2 million in damages and Google for $1.8 million, small amounts for two of the world’s most valuable companies with annual capital spending over $100 billion each. The Los Angeles trial is meant to serve as a bellwether, or test case, for the thousands of similar lawsuits consolidated in California state courts. Related: Meta Loses Insurance…
The Host The Trump administration this week missed a deadline to nominate a new director for the Centers for Disease Control and Prevention. Without a nominee, current acting Director Jay Bhattacharya — who is also the director of the National Institutes of Health — has to give up that title, leaving no one at the helm of the nation’s primary public health agency. Meanwhile, a week after one federal judge blocked changes to the childhood vaccine schedule made by the Department of Health and Human Services, another blocked a proposed ban on gender-affirming care for minors. This week’s panelists are…
In its recently published whitepaper, Cohen & Company Asset Management, the fixed income financial services investment specialist, explained that due to advances within structuring, analytics, and governance, combined with growing investor familiarity, the firm believes that casualty represents “the next evolution of ILS exposure.”Casualty ILS remains a relatively new and developing part of the ILS market. While the broader ILS market emerged in the mid-90s, the application of these structures to long tail casualty risks, has only recently begun to accelerate. “Historically, most ILS capital has supported insurers’ property coverage, particularly policies in regions exposed to catastrophic risk such as…