CalPERS, the largest public pension fund in the United States, ended 2025 with its investments in catastrophe bond and insurance-linked securities (ILS) fund strategies amounting to $1.451 billion, with allocations in place with Tangency Capital, Integral ILS and Swiss Re’s SRILIAC.The California Public Employees’ Retirement System, or CalPERS, is one of the largest institutional investors in the world and counted total assets under management of around $600 billion at the end of last year. We had reported last October that CalPERS was set to make its first catastrophe bond allocation and it later became known that the pension fund had…
Author: Awais
Kansas lawmakers were set to take up a bill on Tuesday backed by Bayer BAYGn.DE that would prevent people from suing pesticide manufacturers for not warning them that their products could cause cancer or other illnesses, as the German company readies a potential $7 billion-plus settlement for thousands of lawsuits over the weedkiller Roundup. The Kansas legislation is one of about a dozen Bayer-supported bills introduced in state legislatures. It comes just weeks after the company announced that would resolve most of outstanding lawsuits related to Roundup. Bayer acquired Roundup as part of its of agrochemical company Monsanto in 2018,…
Sony is fighting a London lawsuit worth almost 2 billion pounds ($2.7 billion) that alleges the PlayStation maker’s “monopoly position” inflated prices for digital games, in the latest mass consumer case to go to trial in Britain. The Japanese conglomerate is accused of abusing its dominant position by requiring digital games and add-ons for its console to be bought and sold only via its PlayStation Store, making prices higher than for physical games. Sony says it has “invested years and billions” in an integrated gaming platform that benefits consumers in a competitive market, where rivals Nintendo and Microsoft’s box use…
Dallas attorney Chelsie Spencer specializes in making sure Texas businesses that sell hemp-derived THC products know how to stay in compliance with state and federal rules and regulations, an area that can be very confusing. She offers them a monthly service where her law firm rigorously vets distributors and helps to independently test their products to ensure they are safe and legal to sell in her clients’ stores. “They pay us a phenomenal amount to stay compliant,” Spencer said. That is why when Spencer learned that one of her North Texas clients had been raided by local police and the…
Bahrain repositioned aircraft for its national carrier Gulf Air and several cargo companies out of the country as the Gulf nation continues to face threats from Iranian missile and drone attacks. Some 17 aircraft were taken out of the country, including nine Gulf air jets, seven DHL freighters and one Air India Express plane, according to data from Flightradar24. The country successfully transfered the aircrafts from Bahrain International Airport to alternative hubs and “this measure is designed to enhance fleet operational readiness and ensure the continuity and efficiency of air operations during the current circumstances,”said the Ministry of Transportation and…
Western Massachusetts, a patchwork of rural communities and low-income cities, is a difficult place to find a primary care doctor if you don’t already have one. Frustrated patients often turn to online forums, asking for leads or advice on how to find a practice that is accepting new patients. One name repeatedly crops up in these discussions: Valley Medical Group. With four locations in the Connecticut River Valley, the practice has been a mainstay of family medicine since the 1990s. Valley Medical’s flagship office in Florence can be found right on Main Street, next door to a pizza restaurant and…
For cedants and brokers, Fairfax’s ability to generate large cash inflows from long‑held investments such as Poseidon, while retaining a meaningful stake, reinforces its profile as a long‑term, well‑capitalized capacity provider with diversified sources of earnings. It also highlighted a broader trend among major insurance groups of recycling capital out of mature non‑core holdings into core underwriting, reinsurance and higher‑yielding fixed income as market conditions remain favorable for disciplined writers.
A-MAX Insurance acquired Best Buy Insurance, an Arizona-based agency. The deal marks A-MAX’s first physical expansion into the Arizona market. Best Buy Insurance was established in 1996. A-MAX operates more than 200 locations nationwide, providing access to non-standard and standard auto, renters, homeowners, and commercial lines coverage. Headquartered in Dallas, A-MAX serves customers across Texas, California, Arizona, Illinois and Indiana. Topics Mergers & Acquisitions Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.
Louisiana already has its hands full catastrophe exposures in the form of hurricanes, floods and severe storms. Could earthquakes be next on the list? Northern Louisiana has been rattled by a series of earthquakes in the past week. First was a magnitude 4.9 earthquake on March 5 that struck near Coushatta and Edgefield. Then on March 9, four earthquakes between magnitudes 3.1 and 4.0 struck near Edgefield. The earthquakes were confirmed by the USGS. No damage has been reported from the earthquake, but shaking could be felt in Shreveport, according to WWLV. WWLV meteorologist Payton Malone said that the March…
Unconditional payments – payments made without condition or reservation of rights, such as settlement offers – restart the clock on the standard two-year prescriptive period for Louisiana first-party insurance claims, the state high court ruled last week. The prescriptive period is interrupted by unconditional payments even if an insurer goes insolvent and the claim is transferred to the Louisiana Insurance Guaranty Association (LIGA), Justice Cade R. Cole ordered. In the underlying case, Southern Fidelity Insurance Company (SFIC) made an unconditional tender on a Hurricane Ida property damage claim in March 2022. In June, a Florida court placed SFIC in receivership,…
Dallas‑based Risk Theory, founded in 2013, has built a portfolio of 15 specialty programs across seven brands through organic program origination, targeting niches where capacity and specialist underwriting expertise are limited. Roundhill will continue to operate under its own brand, retaining its focus on the New York metropolitan habitational segment.
The National Highway Traffic Safety Administration said Tuesday it is seeking public comments on Amazon.com’sself-driving unit Zoox to deploy up to 2,500 purpose-built, steering-wheel-free robotaxis. Zoox filed a petition in August seeking approval from the auto safety agency saying it would provide at least an equivalent level of safety to human-driven vehicles and need exemptions from eight federal vehicle safety standards written with human drivers in mind. “This marks a major milestone towards providing the American AV industry with a streamlined pathway to scaled commercial deployment of novel AV fleets,” U.S. Transportation Secretary Sean Duffy said at a forum Tuesday,…
Every March, our industry gets a moment to pause and recognize the women shaping insurance—not just through leadership and advocacy, but through the economic power they generate every day. Women are driving business creation, influencing commercial buying decisions, and shaping household financial choices at unprecedented levels. If 2026 is the year of Give to Gain, the message is simple: when we invest in women, the entire industry benefits. (Editor’s Note: International Women’s Day was March 8.) Women-Owned Businesses: The Opportunity Women continue to create nearly half of all new businesses each year, a trend that has held steady for multiple…
The U.S. Justice Department is rolling out a policy across divisions to encourage companies to report criminal misconduct in exchange for reduced penalties and other benefits, according to a DOJ memo shared with Reuters on Tuesday. The policy, similar to one already offered by the DOJ’s criminal division in Washington, would for the first time apply across U.S. attorneys’ offices and divisions, except for antitrust cases. The change marks an effort to address criticism that cooperation benefits have been inconsistent in the past. The new policy, detailed in a memo published on Tuesday, will offer tiers of reduced penalties for…