World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired Coverage Administrators Inc. of New York, N.Y. on February 1, 2017. Coverage Administrators Inc. has been offering risk management solutions as an independent insurance brokerage since …
Avatar Partners LP, the parent company of Tampa, Fla.-based Avatar Property & Casualty Insurance Company (Avatar), has agreed to acquire Tallahassee, Fla.-based Elements Property Insurance Holdings LLC and its wholly-owned subsidiaries, including Elements Property Insurance Company (EPIC). The acquisition will …
Buses, streetcars and private vehicles in Tampa, Fla., will soon be able to talk to each other. Officials said last week that Tampa is one of three places selected for a pilot program that allows vehicles to communicate with each …
Sen. Chuck Schumer wants the National Transportation Safety Board to conduct an in-depth investigation of small plane crashes, following two incidents last month and at least 18 crashes in New York last year. Schumer on Sunday released a letter he …
Rhode Island’s attorney general wants to start fingerprinting Uber and Lyft drivers, as well as traditional taxi cab drivers. The state last year adopted a new law that officially legalized ride-hailing app companies and regulates them, but it didn’t include …
PartnerRe Ltd. announced that Humberto Cabrera has been appointed to the position of head of Latin America. He replaces interim head of Latin America, Salvatore Orlando, who will continue in his position of head of Middle East, Africa and Russia …
Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30 million as of March 1, 2017, …
Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc. The country’s financial-services giants will probably ramp up investments in …
PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the company said. Completed over a six-week period, PwC said, the proof …
Zhong An Online Property & Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan ($1.45 billion), ahead of a planned initial public offering in mainland China, …
