Prices on the secondary market declined 0.45 per cent in January as a closely watched gauge edged down to 287.6 from 288.9, following a 0.65 per cent drop in December, wiping out gains from October and November, according to data published by the Rating and Valuation Department on Friday. Prices weakened 7.13 per cent in … Read more
NORTHBROOK, Ill., February 20, 2025 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $1.08 billion or $849 million, after-tax. Catastrophe losses included three events with approximately $1.07 billion related to the California wildfires. The California wildfire event estimate includes reinsurance reinstatement premiums, an estimated California FAIR Plan assessment and is net of estimated … Read more
U.S.-based venture capital firm Insight Partners has confirmed that hackers breached its systems in January. When reached by TechCrunch, Insight Partners confirmed the cybersecurity incident in a statement published Tuesday. Calcalist first reported the breach earlier in the day. In its statement, Insight Partners said it detected that an “unauthorized third party” had accessed “certain … Read more
Use of Force Mary Ellen O’Connell examines the erosion of international legal norms, particularly the prohibition on the use of force, in the context of U.S. President Donald Trump’s disregard for legal constraints and the evolving concept of a “Rule-Based International Order.” O’Connell argues that a permissive approach to legal interpretation by Western states, especially … Read more
Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market’s benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund manager Icosa Investments AG.With a … Read more
