Given the lack of a present, quantifiable obligation from LPCiminelli to the Debtor, the court determined that the Debtor could not establish a right to payment under the bonds at this time. Therefore, the court granted Liberty Mutual’s motion, denied the Debtor’s cross-motion, and dismissed the complaint without prejudice.
Lee said that, if enacted, the law would likely be the first of its kind in the US. However, similar proposals have been introduced in other states. In January, a bill was introduced in the California Senate that would grant policyholders and insurers the ability to file civil suits against fossil fuel companies. Source link
Mubadala, the Abu Dhabi-based sovereign investment fund, and Hg Capital, an existing Howden shareholder, are expected to contribute around $2 billion (£1.5bn) each in equity. The new investment would value Howden at approximately $20 billion, implying a combined valuation of around $30 billion for the group. Source link
The appointments come amid broader leadership changes at Hamilton. In February, the company named Mike Thorp as head of space and Chris Golder as head of treaty. Thorp, who joined Hamilton in 2015, was instrumental in launching its space underwriting business. Golder, who came on board in 2023, has 16 years of experience in the…
Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. Source link
Under Florida’s no-fault system, drivers are required to carry $10,000 in PIP coverage to cover their own medical expenses regardless of fault in an accident. However, critics argue that the $10,000 limit, unchanged since 1979, is insufficient to cover modern medical costs. Source link
