Ambac Assurance sued over alleged unauthorized transfer to parent company

Risks in emerging markets In the Democratic Republic of the Congo (DRC), ongoing insurgent violence continues to impact the country’s political, security, and economic outlook. The M23 insurgent group launched a major offensive in early 2025, capturing the provincial capitals of North Kivu and South Kivu, along with their airports. Source link

Currently, Nevada law classifies casualty insurance as coverage for vehicle insurance, liability insurance, workers’ compensation, and other forms of financial protection. A.B. 512 proposes adding legal expense insurance to this category, defining it as coverage that reimburses policyholders for specific legal services or legal expenses. However, it excludes fees paid to attorneys for overhead and…

Senate Bill 1643 would mandate regulatory approval for any proposed rate adjustment, whether an increase or decrease, exceeding 10%. If the commissioner does not act within 30 days, the rate would take effect automatically, unless it involves an increase of 10% or more. Source link

Benefits wrongly cut off – now the state’s highest court has reversed the decision Source link

The dispute began after 18 former Scouts filed suit in 2012 against BSA and its Chicago-area council, alleging sexual abuse by Scout leader Thomas Hacker between 1980 and 1988. National Surety, which had issued excess liability insurance policies to BSA, filed a seven-count complaint in Illinois seeking a declaration that it had no obligation to…

“We envision a future, not a distant one, where many of our colleagues are AIs. Imagine an actuary who can join a Zoom call anytime, 24/7, with access to all of Lemonade’s historical and real-time data,” he told the audience of insurtech and insurance leaders in London. Source link