The family of a sheriff’s deputy who died when her personal vehicle fell into a sinkhole that opened along a San Antonio street will share in a nearly $15 million settlement. The San Antonio Express-News reports that the board of …
CICS Services, LLC (CICS) has launched a reinsurance pool for property and casualty coverages. Knox Reinsurance Company Inc., referred to as Knox Re, is licensed and regulated by the North Carolina Department of Insurance. Designed for small and mid-market businesses, …
A federal grand jury has indicted two Maryland men on charges they stole the identities of natural disaster victims and fraudulently registered for millions of dollars in life-saving relief funds. Federal prosecutor Robert K. Hur stated Friday the grand jury …
ISO and Intterra are partnering with the Western Fire Chiefs Association to explore new ways of analyzing and understanding wildfire risk. Intterra has worked with the WFCA for several years to develop the Fire Data Lab, a nonprofit organization dedicated …
American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer’s General Insurance unit will produce an underwriting profit for all of 2019, after a decade of losses. His promise has now come true for the second …
EPIC Insurance Brokers and Consultants has acquired Trumark Insurance & Financial Services in a Pleasanton, Calif. The deal closed August 1, and terms were not disclosed. Trumark is a brokerage/general agency specializing in the institutional financial advisory market. EPIC is …
Assured Guaranty Ltd. has agreed to take over BlueMountain Capital Management, the $19.3 billion money manager that has come under pressure in recent months. Assured Guaranty will pay $160 million to buy out majority shareholder Affiliated Managers Group Inc. and …
Richmond, Virginia-based specialty insurer Kinsale Capital Group (NASDAQ: KNSL) announced the pricing of its underwritten public offering of 645,000 shares of common stock at a price of $93.00 per share. The company expects the net proceeds from the offering to …
Apple Inc. was sued over claims that the privacy of Siri users was violated when human reviewers listened to customer recordings. The lawsuit was filed as a class action Wednesday, just days after Apple said it would pause its program …
Zurich Insurance Group AG said it expects to beat all its financial targets for the 2017-2019 period as the global insurer enters the the final stretch of a three-year turnaround. “In 2016, we gave ourselves ambitious targets and we launched …
