The British insurance Brokers’ Association (Biba) has unveiled a new six-point plan to achieve a more proportionate regulatory environment which it said would enable firms to better serve policyholders and help achieve the government’s growth ambitions.

Soter Insure, an insurance provider designed for the digital asset economy, has announced that its Bermuda-based operating company has received full licensing approval from the Bermuda Monetary Authority (BMA), enabling it to offer insurance products to institutions in the blockchain and cryptocurrency sectors.

The cyber insurance market in Asia is projected to triple in size by the end of 2025, driven by increased demand as a result of heightened cybercriminal activity and regulatory scrutiny, according to law firm RPC’s latest annual insurance review.

Grant Thornton – the company appointed as TruStar Underwriting’s receiver and manager – has “encouraged” the brokers of any policies underwritten by the Toronto-based MGA’s former CEO and president Daniel Moses to contact the applicable insurers to determine if coverage they have bound is valid or sufficient.

The influx of European directives over the past 24 months is expected to fuel an increase in cross-border environment-related litigation, with insurers facing a potential increase in D&O and E&O exposures, according to Safine Hadri of Kennedys.

The number of securities class action lawsuits filed in US federal courts increased 4.7 percent to 222 in 2024, according to RT ProExec’s Kevin LaCroix.

The group litigation against Johnson & Johnson, spearheaded by law firm KPI, may set a precedent for group action lawsuits in the UK, according to Polly Sayers, solicitor at Harrison Clark Rickerbys.

In a rare Covid-19 appeal loss for insurers, North Carolina’s supreme court has ruled that a group of restaurants are entitled to coverage for losses related to the pandemic because a reasonable policyholder could expect “direct physical loss” to property to be covered.

The Association of British Insurers (ABI) has described a new report by the Environment Agency as "sober reading" following the findings that 6.3 million properties in England are currently located in flood risk areas.

The UK government has sanctioned 20 shadow fleet ships involved in the illicit trade and distribution of sanctioned Russian oil.