Universal Property argued that the paperwork in this case did not pass muster. A separate invoice, dated the same day as the AOB, listed two line items. The first, called Protocol, covered limited visual observations, multi-location environmental sampling, and a report, priced at $995, with a note that any additional samples would run $95 each. The second, labeled Clearance, repeated the same environmental-testing description and was priced at $795. The combined total came to $1,790.
Author: Awais
New Florida law puts insurer e-signature systems under a stricter NIST-grade microscope
A unanimous ruling tightens how juries can hear medical damages in auto cases
The dispute traces back to the grounding of the tank vessel T/V Margara in Puerto Rican waters, an incident that posed a substantial threat of an oil discharge and damaged coral reefs and associated marine resources. The United States, acting on behalf of the Coast Guard and the National Oceanic and Atmospheric Administration, filed suit in December 2021 under the Oil Pollution Act, seeking to recover damages already paid out of the Oil Spill Liability Trust Fund as well as the cost of restoring the injured reefs. Ernst Jacob was named alongside his insurer, Shipowners Insurance and Guaranty Company, known…
People’s Trust Insurance Company, the Florida homeowners specialist insurer, has now successfully secured $100 million of named storm reinsurance from the capital markets through its debut GWS Re Limited (Series 2026-1) catastrophe bond issuance, pricing the notes at the mid-point of initial guidance, Artemis can report.People’s Trust Insurance Company made its debut in the catastrophe bond market last month. The Florida specialist insurer was initially targeting a $100 million source of fully-collateralized Florida named storm reinsurance protection from cat bond investors. As we reported in our first update on this transaction, the target remained for GWS Re Limited to offer and sell…
House File 4133, authored by Representatives Kelly Moller, Zack Stephenson, Kari Rehrauer, and Larry Kraft, with Senator Bonnie Westlin carrying the Senate companion, cleared the Minnesota House of Representatives on April 20, 2026, and the Senate on April 28, 2026. The governor approved the bill on May 5, 2026. It takes effect January 1, 2027, and applies to any homeowner’s policy offered, issued, or renewed on or after that date.
According to the filing, the trouble started in or about May 2024, when 11 pallets of automotive parts were handed over to Senator International, a Hamburg-based common carrier, for an international flight under air waybill no. NUE00184126. HDI Global says the goods were tendered “in good order and condition, and suitable in every respect for the intended transportation.”
Spinnaker Insurance Company is now targeting lower pricing for its second catastrophe bond sponsorship, still seeking $100 million or more in US multi-peril collateralized reinsurance from a new Mountain Re Ltd. (Series 2026-1) issuance but at a reduced spread, Artemis can report.Spinnaker Insurance Company, the personal and commercial lines program and fronting specialist, returned to the catastrophe bond market for its second sponsorship back in April, as looked to renew and extend its cat bond backed reinsurance protection. Roughly three years ago, Spinnaker had sponsored its debut Mountain Re Ltd. (Series 2023-1) catastrophe bond to provide it $110 million of…
The underlying case, James Quaid et al. v. Data Axle, Inc., centers on a familiar internet-era pitch: the free trial. According to the filing, Data Axle runs two consumer-facing platforms – data-axle.com, aimed at large organizations with complex data needs, and dataaxlegenie.com, designed for small and medium-sized businesses looking to generate leads. Both sites, the underlying plaintiffs allege, let prospective customers peek at real people’s names, addresses and other identifiers as a teaser to sell paid subscriptions.
Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report.Almost three years ago Korean Re sponsored its debut catastrophe bond, securing $75 million in US multi-peril catastrophe retrocession from its first Solomon Re 2023-1 issuance. The reinsurer has returned for its second sponsorship with a new Solomon Re 2026-1 cat bond offering, that seeks to renew and extend the retrocession…
Céline Gounder, KFF Health News’ editor-at-large for public health, discussed the cruise ship hantavirus outbreak on PBS NewsHour, Fox’s LiveNow From Fox, and CBS News’ CBS Mornings on May 5. She also discussed the hantavirus outbreak on NPR’s Morning Edition on May 6. Elisabeth Rosenthal, KFF Health News’ senior contributing editor for health news analysis, discussed the national crisis of emergency room boarding on PBS’ Amanpour & Co. and WNYC’s The Brian Lehrer Show on April 28.
WTW said this convergence is pushing insurers and buyers toward more integrated risk management approaches that cut across property, cyber, energy, and regulatory exposures. A prolonged power outage or targeted cyber incident at a key data‑center cluster, for example, can simultaneously trigger physical damage, long‑tail liability, regulatory investigation, and business interruption across multiple insureds.
Surety expansion and a sharper capital structure position the carrier among the most profitable specialty underwriters
Global reinsurance broker Howden Re has announced that Tim Radford has been appointed to the new role of Managing Director, Head of Lloyd’s Capital, which is set to help strengthen the organisation’s leadership across Lloyd’s market capital and investor engagement.In this role, which sits within Howden Re’s Capital Solutions platform, Radford will reportedly be the central point of Howden Re’s Lloyd’s capital strategy. As per the announcement, Radford will work across Howden Re Capital Solutions and Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) specialist unit of broking group Howden. Radford will primarily focus on…