Artemis has learned that the California Earthquake Authority (CEA) has now increased the target size for its latest catastrophe bond for a second time, lifting its initial Ursa Re Ltd. (Series 2025-1) offering by 100% to provide $400 million in multi-year collateralized California earthquake reinsurance protection, while the price guidance remains fixed at 7.5%.The CEA … Read more
State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires for the request. “As of February 1st, State Farm General (Fire only) has received more … Read more
Investment advisers are fiduciaries that owe a duty of care and loyalty to their clients. One component of this duty of care is an obligation to seek best execution of client securities transactions. While this requirement might sound relatively straightforward, the lack of a single definition for what this duty actually requires can make it … Read more
This is the first Op-Ed of a Symposium on the Apple State Aid case ( C‑465/20 P). More Op-Eds will follow soon in EU Law Live. The recent final ruling on the Apple State-Aid case surprised many commentators, including this author, who trusted the Court of Justice of the European Union (‘the Court’) would be a … Read more
Venezuelan opposition candidate Edmundo González Urrutia has not sought asylum, his lawyer stated Tuesday, September 3 regardless of an arrest warrant slammed by the worldwide neighborhood over his declare that he was robbed of victory in a July presidential election. The Venezuelan public prosecutor’s workplace stated Monday a courtroom had accredited a warrant for González … Read more
