The Massachusetts Supreme Court appeared skeptical of Kalshi Inc.’s claim that its prediction markets don’t fall under state gambling laws because the company is instead providing financial arrangements between people using “swap” contracts on events like sports. The case is one of several legal fights involving states seeking greater oversight of prediction market companies, which argue their activities come under federal rules and should only be regulated by the US Commodity Futures Trading Commission. A judge barred Kalshi in Massachusetts, and the company appealed to the state’s high court, which has yet to rule. During oral arguments Monday, some justices…
Author: Awais
From driving cars to flying drones, as autonomous robots take on more responsibility, they also face more human-like dilemmas — including what to do when rules collide. For a self-driving vehicle, this conundrum might pop up when a pedestrian suddenly steps off a curb and into its path. By swerving to avoid them, the car will also have to briefly veer over the road’s clearly marked center line. Is this a justifiable infraction? What if it leads to a collision with an oncoming car? Similarly, a drone might need to decide whether to fly through a narrow gap between two…
Built on Gallagher’s existing sales methodology, Blueprint is designed to align a client’s insurance strategy, risk management priorities and budget into a customized action plan, with the aim of optimizing both coverage and cost. The launch comes as Arthur J. Gallagher & Co. continues to position itself as a data- and analytics-led global broker in an increasingly competitive marketplace.
A year of evidence suggests a company that knew, and didn’t change
A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a hearing last week, US District Judge Vince Chhabria in San Francisco questioned whether an accord reached in a Missouri state court would be legally binding on plaintiffs elsewhere, especially former Roundup users who have yet to file their claims because they haven’t developed cancer. Chhabria also criticized some specific terms of the deal and the way backers persuaded a St.…
On Monday morning, the Supreme Court paused a lower court’s decision that effectively banned the mailing of mifepristone, after makers of the abortion drug asked the nation’s highest court to intervene.
Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and even those of a few insurance agencies have suggested otherwise, leading to some confusion and questions about the state’s personal injury protection law. “Florida No Fault Insurance Repeal 2026,” reads a search-engine headline from the Aronberg & Aronberg law firm website. “Florida Senate Votes to End No-Fault Insurance,” reads another, posted on the Brooks Law Group site. “If you have…
Everest Business Funding, for its part, came at the same contractor from a different direction. According to the filing, EBF sued UTB and Sharma in Nassau County state court in August 2025 over a Revenue Based Financing Agreement, under which it had bought $479,500 of UTB’s “Future Receipts” for $350,000, with a 9% specified percentage of the contractor’s future sales going back to EBF. EBF deemed UTB in default on August 14, 2025, and on April 1, 2026, walked away with a default judgment of $385,918.47.
The Disaster Recovery Reform Act (SB 876, Padilla) would require insurers to maintain disaster recovery plans, double penalties during declared emergencies, mandate restitution to policyholders, and address the kind of adjuster reassignment delays documented in the State Farm examination. The Smoke Damage Recovery Act (AB 1795, Gipson) would establish California’s first enforceable public health and insurance standards for smoke-damaged homes, including science-based testing and restoration requirements — a direct response to the wave of smoke-damage complaints that dominated the post-fire claims landscape.
Most states are planning to adopt less restrictive policies to verify compliance with work requirements mandated by the “Big Beautiful Bill,” but some are implementing the policies early or checking eligibility more frequently.
SCOR, the France-headquartered global reinsurance company, is back in the catastrophe bond market initially targeting $75 million of multi-peril fully-collateralized retrocession through sponsorship of an Atlas Capital DAC (Series 2026-1) issuance, Artemis has learned.This new Atlas Capital DAC Series 2026-1 catastrophe bond will become the twentieth from SCOR to use the Atlas name and the twenty-first cat bond from the company that we have tracked since the year 2000, including its Horizon securitization of credit liabilities back in 2001. SCOR has been accessing the capital markets using catastrophe bonds for retrocession purposes since the year 2000 and you can read about…
Cooper was careful to reframe the nature of the American operation on Monday. There are no ship-by-ship “escorts,” he said – rather, the US has assembled “multiple layers” of protection including ships, helicopters, aircraft, airborne early warning and electronic warfare. “I think we have a much better defensive arrangement in this process,” he said. The distinction matters for insurers: a layered defensive perimeter is harder to price than a named-vessel convoy, and the legal and underwriting implications of vessels operating inside a US-defined “enhanced security area” without a formal escort remain untested.
Investigation remains stalled as evidence of pilot interference emerges
The strike force allows the department's healthcare fraud unit to coordinate with U.S. attorney’s offices in Arizona, Nevada and the Northern District of California, where the DOJ says fraud schemes are increasing.