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Texas Medical Liability Trust Reports Data Privacy Event

Texas Medical Liability Trust (TMLT) provided notice that the company and its affiliates may have been affected by a recent data privacy event. On Oct. 12, 2022, TMLT identified suspicious activity within its environment and took immediate steps to secure …

Wisconsin Lawmakers Set to Vote on Tougher Riot Penalties

MADISON, Wis. (AP) – Anyone who encourages a riot or engages in violence during a riot would face felony charges under a bill Wisconsin’s Assembly is poised to take up this week. The Republican-backed measure would make urging, promoting or …

Markets/Coverages: Mosaic Adds Litigation Liability Cover to Professional Lines Offering

Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation solicitor Sarah Bowden has joined the global specialty insurer’s professional liability division to …

Insurtech Kin Increases Series D Funding Round to $109 Million

Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED Investors, and additional investors, bringing the …

EPIC Insurance Brokers & Consultants Forms Insurance Capital Solutions Group

EPIC Insurance Brokers & Consultants, the San Francisco-based retail property/casualty insurance brokerage and employee benefits consultant, announced the expansion of its Financial Services division with the launch of its Insurance Capital Solutions (ICS) group. The Insurance Capital Solutions group brings …

Actress Utah Ski Collision Trial Brings Doctors to Stand

Doctors are expected to testify this week in a trial about a 2016 ski crash between Gwyneth Paltrow and a retired Utah man suing her and claiming her recklessness left him with lasting injuries and brain damage. On the opening …

U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns

A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said on Wednesday. National Labor …

TikTok, Transit Agencies Face Wrongful Death Suit Over New York Teenager’s Death

Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges that TikTok sent thousands of unsolicited suicidal videos to 16 year-old …

Far from Home: Western-based Warner Pacific Acquires Agents Marketing Group in Miami

Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will expand Warner’s presence into one of …

U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022

The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The underwriting loss came despite an …

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