Insurance Journal
Hiscox Ltd., the Bermuda-headquartered specialist insurer, announced it has entered into an agreement to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings Ltd., the parent of the Roojai group of comp...
Posted: Sep 27, 2023
Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure directly addresses the glob...
Posted: Sep 27, 2023
Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with …
Posted: Sep 27, 2023
A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction with Ukraine’s authorities, insurance broker Miller said on Tuesday. Russia quit a U.N.-backed deal in July to ena...
Posted: Sep 27, 2023
Cyber risks remain a top concern for business leaders, according to the annual Travelers Risk Index. The top concerns among 1,206 survey participants are, in order, medical cost inflation (60%), broad economic uncertainty (59%) and cyber risks (58%)....
Posted: Sep 27, 2023
Target Corp. is closing nine stores in four states to stem losses from rising retail theft. One Manhattan location will be shuttered, along with two in Seattle, three in Northern California and three in Portland, Oregon, Target said in a …
Posted: Sep 27, 2023
A federal judge in Atlanta on Tuesday rejected a bid by the anti-affirmative activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies to bar a small venture capital fund from awarding grants to busines...
Posted: Sep 27, 2023
Florida authorities have arrested four Miami people, including two licensed public adjusters, on charges that they forged an elderly homeowner’s signature on documents in an attempt to defraud Citizens Property Insurance Corp. out of $57,000. &...
Posted: Sep 27, 2023
Florida-headquartered Risk Services, a captive insurance manager and risk retention group service provider, has named Jennifer Haskell director of captive accounting. Haskell, who spent 15 years with the Alabama Department of Insurance regulating cap...
Posted: Sep 27, 2023
Universal Property & Casualty Insurance Co. will have to go back to court to show how an insured’s roof expert was in error when he used questionable data and failed to inspect the claimed damage before a south Florida home …
Posted: Sep 27, 2023
ALKEME acquired the F&I Agency in Thousand Oaks, California. The F&I Agency serves the Western U.S. Based in Ladera Ranch, CA, and backed by GCP Capital Partners, ALKEME provides property/casualty, benefits, surety, risk and wealth management...
Posted: Sep 27, 2023
ALKEME acquired the F&I Agency in Thousand Oaks, California. The F&I Agency serves the Western U.S. Based in Ladera Ranch, CA, and backed by GCP Capital Partners, ALKEME provides property/casualty, benefits, surety, risk and wealth management...
Posted: Sep 27, 2023
Nicole Kunz joined Alliant Insurance Services as vice president within its employee benefits group. Based in Portland, Ore., Kunz previously served as board president at Total Rewards PDX, as principal at Mercer Health & Benefits at Mercer and as...
Posted: Sep 27, 2023
Nicole Kunz joined Alliant Insurance Services as vice president within its employee benefits group. Based in Portland, Ore., Kunz previously served as board president at Total Rewards PDX, as principal at Mercer Health & Benefits at Mercer and as...
Posted: Sep 27, 2023
Donald Trump was found liable for fraud for exaggerating his net worth by billions of dollars a year on financial records submitted to banks and insurers, a major blow to the former president in the biggest civil case against him …
Posted: Sep 27, 2023
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got involved with Menendez in hi...
Posted: Sep 27, 2023
A Vermont driver pleaded not guilty to a charge in the June crash that killed actor Treat Williams. Ryan Koss, 35, could be sentenced to up to 15 years in prison if he`s convicted of gross negligent operation with death …
Posted: Sep 27, 2023
This post is part of a series sponsored by AgentSync. Insurance industry professionals tend to underestimate the business threat of regulatory actions. While data from the National Association of Insurance Commissioners (NAIC) indicates the industry...
Posted: Sep 26, 2023
California’s minimum wage will increase to $16 per hour for all employers on Jan. 1, 2024. In 2023, the minimum wage was $15.50 for all employees regardless of employer size. Some cities and counties in California have a local minimum …
Posted: Sep 26, 2023
The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday, charging the online retailer with harming consumers through higher prices in the latest U.S. government legal action aimed at breaking Big Tech...
Posted: Sep 26, 2023
A Kansas woman has been sentenced to 18 months of probation for insurance fraud, the Kansas Insurance Department (KID) announced. Carolyn Engelhardt, age 30, pleaded guilty in the District Court of Norton County on July 25, 2023 to one felony …
Posted: Sep 26, 2023
Bates Joins Western National Insurance Group as SVP, Marketing and Sales Western National, headquartered in Minneapolis, Minn., hired Tamara Bates as senior vice president of marketing and agency sales. Bates joins Western National with over 30 years...
Posted: Sep 26, 2023
A company that provides administrative and operations services for a group of related automobile dealerships across Texas, Arkansas, Louisiana and Florida, violated federal law when it fired a longtime senior manager in its Texarkana, Texas, location...
Posted: Sep 26, 2023
BATON ROUGE, La. (AP) – Salt water from the Gulf of Mexico is creeping up the drought-stricken Mississippi River and threatening drinking water supplies in some Louisiana communities, including New Orleans, prompting the state`s governor to warn Frid...
Posted: Sep 26, 2023
A federal judge rejected a request by McClenny Moseley & Associates to claim an interest in legal fees and expenses from a hurricane damage lawsuit, saying the law firm obtained its clients illegally by using a “modern day case runner.̶...
Posted: Sep 26, 2023