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Federal Insurance Co. sold Paramount an insurance package that was supposed to cover more than $100 million in losses if cast members aren’t able to take part in the production, resulting in delays or interruptions, according to the complaint filed in Los Angeles federal court Monday.

Victims’ lawyers, concerned that Century may claim it can’t pay abuse victims, argue that a related Chubb subsidiary, Insurance Company of North America, known as INA, is also on the hook because it insured the Boy Scouts until about 1996. Chubb argues that INA turned over those policies to Century during a restructuring that year.

There were about 12 funding rounds in the insurtech sector in August 2021, according to a review by Digital Insurance and with data from Crunchbase.

That was the low end of a preliminary estimate by Wells Fargo & Co. insurance analysts led by Elyse Greenspan, who said damages covered by insurers could be as high as $20 billion, according to a note to clients on Sunday.

General Manager Amrish Singh on how the company maintains a distinct strategy from the insurance business.

Kotak Mahindra Capital Co., JM Financial Ltd., Citigroup Inc. and Nomura Holdings Inc. are also on the shortlist, based on their technical and financial bids, after 16 investment banks presented their pitches to the government on Thursday, the people said, asking not to be identified because the information isn’t public.

Carriers, pressed by lower expense insurtech models that emphasize direct-to-consumer engagement and new, rich data sources, are beginning to encounter a bifurcation of risk and client characteristics.

DealerPolicy, which functions as an insurance agency in the lower 48 states, connects car buyers with insurance quotes.

In other news: Breeze's new hire; Guidewire acquires HazardHub; New York Life partners with Empathy.

The decline is likely because of a lack of proactive support and personalized attention, according to a J.D. Power study.