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The chance at a piece of strong returns has encouraged investment banks, hedge funds and debt investors to vie for contracts to fund the litigation, according to people involved in transactions.
3h ago
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"We want to wean off of FEMA, and we want to bring it down to the state level," Trump told reporters on June 10 during a briefing in the Oval Office.
June 16
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Uber sued a group of lawyers, medical providers and rideshare drivers it claims staged car accidents, manufactured damages and received unnecessary medical procedures to take advantage of insurance policies in Florida.
June 11
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The rise of autonomous vehicles will force a reconfiguration of the $400 billion U.S. auto-insurance industry, according to Goldman Sachs.
June 11
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Federal agencies that provide weather data are losing funding or being reorganized, forcing carriers to find new storm data sources.
June 8
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The insurance market isn't keeping pace with the connected, data fluid, and intelligent potential already inherent in the automotive sector.
May 27
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As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.
May 20
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Marsh McLennan moves to Amazon cloud; ZestyAI in Connecticut and West Virginia and more insurtech news.
May 15
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Hub International Ltd. has raised $1.6 billion in fresh equity in a funding round that values the insurance brokerage at $29 billion.
May 12
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Congress and Trump Administration calls for elimination of Federal Insurance Office and FEMA, if successful, would ripple through insurance and banking industries, say climate financial risk policy experts and officials.
May 11
