The SPAC boom took hundreds of risky companies to the stock market. The next stop for many is bankruptcy court.
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Chubb Rate Increases Fuel Growth, Offset Heavy Storm Claims
Chubb said rate increases and other premium growth in the first quarter more than offset a 38% jump in catastrophe losses.
Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says
Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed.
WTW Introduces New ESG Initiative Around Climate Risk Assessment
WTW today announced the introduction of Climate Risk Solutions for Corporate Risk & Broking (CRB) North America to help clients better manage their climate-related risks.
Alliant Insurance Services Launches Alliant Re
The fourth-largest P&C commercial insurance broker, Alliant Insurance Services, adds reinsurance to its comprehensive portfolio of risk management solutions.
Risk Placement Services Launches New Artisan Contractors Product with Markel®
E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched a new Artisan Contractors insurance product with Markel, a global specialty insurance provider.
First Republic Lost $100 Billion in Deposits in Banking Panic
Customers pulled about $100 billion in deposits out of First Republic Bank last month, when a pair of bank failures shook Americans’ faith in regional lenders.
YouTube Case at Supreme Court Could Shape ChatGPT and AI Protections
When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies.
Credit Suisse Investors Sue after Facing Billions in Losses
A group of Credit Suisse investors has sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses.
Alexandra S. Glickman of Gallagher Honored with 2023 IICF Golden Horizon Award
The Insurance Industry Charitable Foundation (IICF) granted nearly $500,000 at its eighth annual IICF Western Division Horizon Award Gala at the Sunset Room Hollywood in Los Angeles last evening