Monthly Archives: <span>November 2022</span>

U.S. E&S Premiums Continue Growth in 2022: S&P

According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months. Direct written premiums in the U.S. were up 27.6% (excluding …

Florida Supreme Court Approves Suspension of Mobile Claims Center Attorney

The Florida Supreme Court has approved the emergency suspended the law license of North Fort Myers attorney Jennifer Perez, who was in charge of a “mobile claim center” that was set up in a trailer in North Fort Myers about …

What Hazards Are Posed by Hawaii’s Mauna Loa?

Lava is shooting 100 feet to 200 feet into the air as Hawaii’s Mauna Loa, the world’s largest active volcano, erupts for the first time in nearly 40 years. For now, lava is not threatening any homes or communities and …

Lawyer Calls Fatal Car Crash Into Apple Store ‘100% Preventable’ in Announcing Suit

The recent crash into an Apple storefront in Massachusetts that killed one person and injured 19 was “100% preventable,” according to the attorney for two of those injured in the accident. Boston attorney Douglas K. Sheff has brought lawsuits against …

Bitcoin Is Being Artificially Propped Up and Shouldn’t Be Legitimized: ECB

Bitcoin is being artificially propped up and should not be legitimized by regulators or financial companies as it is more akin to gambling, the European Central Bank said on Wednesday. Bitcoin and other cryptocurrencies have been variously presented as an …

Aircraft Lessors’ Lawsuits Against Their Insurers Rise to $8B for Seized Russian Planes

Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased planes worth around $10 …

Cyber Attackers Cripple IT Systems of Prominent Indian Hospital

Cyber attackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical Sciences — a hospital that’s …

Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine. The plan is meant to punish Russia while at the same time …

Sunshine Insurance Begins Taking Investor Orders for $950 Million IPO

Chinese insurer Sunshine Insurance Group Co. is seeking to raise as much as HK$7.4 billion ($950 million) in its Hong Kong initial public offering. Beijing-based Sunshine Insurance started taking investor orders for about 1.15 billion new shares on Wednesday, according …

Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions

Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related products abroad in the face of Western sanctions, a government official was quoted as saying on Tuesday. Western sanctions imposed …