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News – Insurance Journal

Report: Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation
Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy, according to an analysis about to be presented to the Florida Legislature. The …

POSTED JANUARY 20, 2021 3:28 PM
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …

POSTED JANUARY 20, 2021 3:14 PM
Massachusetts Governor Charlie Baker Vetoes Sweeping Climate Change Bill
Massachusetts Governor Charlie Baker vetoed a sweeping climate change bill Thursday, just days after top Democratic lawmakers on Beacon Hill vowed to immediately refile and pass it again if the Republican refused to sign the legislation. The bill had been …

POSTED JANUARY 20, 2021 2:45 PM
ProSight to Become Private Company After Being Acquired by Investors
International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced last Friday, means the …

POSTED JANUARY 20, 2021 2:45 PM
Maine Court Says Tourette’s Patient Can Sue for Being Denied Procedure
A woman who has Tourette’s syndrome may proceed with her lawsuit against a surgeon who declined to repair her injured shoulder because of her disability, the state Supreme Court ruled. The doctor performed surgery on Carol Cutting’s injured shoulder but …

POSTED JANUARY 20, 2021 2:41 PM

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