PMC Insurance Group, a Bedford, Mass.-headquartered, national workers’ compensation wholesaler, has hired Richard Skinner as assistant vice president for its staffing programs division, StaffPRO3. In his new role, Skinner will be responsible for growing new business nationwide. He brings more …
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 …
A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff’s lawyer plans to appeal. A lower court in …
China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese hacking following the cybersecurity agreement Obama’s …
Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The transaction, which was first announced on …
JBA Risk Management has released its Sri Lanka Flood Model onto Simplitium’s ModEx platform. The initiative is specifically aimed at broadening accessibility to the Sri Lanka model for both the insurance and wider disaster risk reduction (DRR) community. The announcement …
Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday. In a damning report that singled out …
Antares the Lloyd’s managing agency and member of the QIC Group announced the appointment of Jonathan (Joe) Battle, the current active underwriter, as chief executive officer (subject to necessary regulatory approvals). Stephen Redmond, current managing director of Antares, has been …
U.K. and European officials are working on a new legal text for the most contentious part of the Brexit deal, but time is running out for Prime Minister Theresa May to persuade a fracturing Parliament to unite behind her plan. …
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Dearborn, Michigan-based Auto Club Insurance Association and its wholly owned subsidiaries, Auto …
