Markets/Coverages: QBE Launches New Commercial Property Offering for Large Corporations

QBE North America has introduced a new commercial property insurance product aimed at large businesses across the United States. This offering is designed to provide tailored coverage solutions that meet the unique needs of various industries. The new product features all-risks coverage that can be structured in different ways, including primary, quota-share, buffer, or excess … Read more

Travel Disruptions Affect London Workers Following Power Outage

London commuters are facing major disruptions after a power failure affected parts of the underground network. Trains on the Bakerloo, Jubilee, Piccadilly, and Northern lines are either delayed or not running at all in some areas. The Elizabeth Line, which connects to Heathrow Airport, is also experiencing significant delays. While some services began to resume … Read more

Space War: Marsh Files Lawsuit Against Willis for Soliciting Clients in Aviation Insurance

Insurance broker Marsh USA has taken legal action against former employees and competitor Willis Towers Watson (WTW) in a New York court. Marsh claims that these individuals are plotting to lure away its aviation and space insurance clients using confidential information. In its lawsuit, Marsh accuses WTW, along with Garrett Hanrahan and John Andrews—both former … Read more

Citadel Advocates for Four-Year Non-Compete Agreements in Its Home State of Florida

Ken Griffin’s Citadel is pushing for a new law in Florida that would allow employers to enforce four-year non-compete agreements and garden leave for high-earning employees. This proposed legislation has moved swiftly through the state legislature and is now awaiting the governor’s approval. Supporters argue that it will help keep companies competitive by preventing key … Read more

FTX Lawsuit Against Tom Brady, Stephen Curry, and Others Is Streamlined

A federal judge has decided not to dismiss a lawsuit against several high-profile celebrities, including sports stars Tom Brady, Stephen Curry, and Shohei Ohtani. The lawsuit claims that these celebrities misled investors while promoting the now-collapsed cryptocurrency exchange, FTX. The investors allege that the celebrities ignored warning signs and concealed large payments they received for … Read more

The Significance of Trump’s Proposal to Halt the Calculation of Weather-Related Losses for the Insurance Sector

Extreme weather is becoming a costly issue in the United States. Last year alone, fires, droughts, and storms led to damages exceeding $182 billion. However, the federal government has announced that it will stop tracking these disasters. The National Oceanic and Atmospheric Administration (NOAA) revealed on Thursday that it will discontinue its widely used database, … Read more