Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage, a new report out Thursday shows. The 2019 CoreLogic Wildfire Risk Report examines single-family and multifamily residential properties at risk …
Markel Corp. announced the launch of Lodgepine Capital Management Ltd., its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine’s initial product offering will be the Lodgepine Fund, a property catastrophe …
Teams of dog handlers from the U.S., Canada and Belgium are uncovering more and more dead bodies among the debris of Bahamas homes hit by Hurricane Dorian, the Health Ministry said. The Category 5 storm was so powerful that it …
Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round. The funding round was led by StageOne Ventures, Mundi Ventures and Innocells (the corporate venture arm and digital innovation hub of Banco Sabadell), and other …
RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows another restructuring in 2016 when the two divisions — CRS …
SOBC DARAG has acquired New Mexico P&C Insurance Co. SOBC DARAG has received approvals from New Mexico OSI and Florida OIR for the transaction. Terms of the deal weren’t disclosed. SOBC DARAG Holdings is ultimately owned by DARAG Group investors. …
By the time Kelly Pfaff got home from driving her son to school that morning, it was too late. Her husband, John, was supposed to be taking their 4-year-old daughter to school. But the girl and the nanny were still …
Purdue Pharma LP, maker of the highly addictive Oxycontin painkiller, is pitting state against state with its offer of about $12 billion to resolve the company’s liability for the massive public-health crisis tied to opioid abuse that’s swept the U.S. …
The board of Hawai`i Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders. HEMIC says that with this dividend it will have returned over $38 million dollars to Hawaii businesses over the last 13 …
Johnson & Johnson must pay at least $37.2 million to four consumers who blamed asbestos-tainted talc for their cancers in the company’s latest loss in nationwide litigation over its iconic baby powder. A jury in J&J’s hometown of New Brunswick, …
