Industry News
KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …
Via: Claims Journal
Kalshi Inc. has entered a partnership with The Weather Company to bolster the data it uses to settle contracts in rapidly growing weather and climate prediction markets. The prediction platform is seeking to establish market-implied probabilities as another source of …
Via: Claims Journal
For years, cyber insurance was treated as a niche product reserved for technology firms, financial institutions and e-commerce giants. When underwriters and claims teams assessed cyber exposure, the conversation centered on massive data breaches and enterprise-grade network overhauls. That framework …
Via: Claims Journal
Uber Technologies Inc. is rolling out a new safety feature that lets parents or guardians view a video livestream of their teenager’s ride. The feature uses the selfie camera on the driver’s phone and notifies an authorized guardian if a …
Via: Claims Journal
Carnival Cruise Line, long the subject of lawsuits accusing its crew members of unwanted sexual advances on passengers, has won a new trial in a case in which a Florida jury awarded $10.3 million to a young woman who said …
Via: Claims Journal
Some Illinois e-bike riders will need to carry insurance starting in 2027 under a law signed this week by Gov. JB Prtizker. The new law requires riders of e-bikes and e-motors capable of traveling over 28 mph to have a …
Via: Claims Journal
California legislators introduced a bill Saturday that would update the state’s wildfire response without shifting liability away from publicly traded utilities. The move comes after extended negotiations with Gov. Gavin Newsom’s administration, which had been advocating for measures that would …
Via: Claims Journal
Russian-speaking hackers used SpaceX’s AI coding assistant, Cursor, to help break in to a Belgian chemical company and at least six other firms earlier this year, according to data reviewed by Reuters and reports issued on Thursday by cybersecurity companies …
Via: Claims Journal
U.S. health authorities have widened their probe into a cyclosporiasis outbreak tied to iceberg lettuce from central Mexico after detecting cases in three additional states, raising the total to 20 states, the FDA and CDC said on Thursday. The outbreak, …
Via: Claims Journal
Electric vehicle maker Lucid is recalling 27,185 of its flagship Air luxury sedans in the U.S., because an exterior lighting circuit could overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on Friday. Here …
Via: Claims Journal