A food production company based in Chesterfield Township, Mich., will pay $125,000 to settle a sexual harassment and retaliation lawsuit, federal officials said. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), Safie Specialty Foods Company …
Columbus, Ohio-based Branch has launched statewide in Missouri, offering home and auto insurance. Branch said using technology and automation it has developed a way to bundle home and auto insurance with just two questions, name and address. Now customers can …
CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer. Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information …
In today’s landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward specialization, and the next step to insurance industry success is identifying a niche. It may …
Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18% lower than the annual average since 2011, according to a report from Willis Re. This figure compares with Aon’s recently released total of $71 billion for …
Strong quarterly and full year 2019 results for Travelers Cos. were helped by lower catastrophe losses and premium hikes. Net income rose to $873 million in the fourth quarter ended Dec. 31 from $621 million for the same period in …
A town in Wyoming has settled a civil rights lawsuit filed by a former town employee who accused his supervisor of allegedly calling him racial slurs before firing him. The town of Evansville will pay $90,000 to former employee Roy …
Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance platforms. Subject to regulatory approval and after a short period of transition, …
A fast-moving five-alarm fire severely damaged six row houses in Staten Island on Monday, displacing more than 30 people and causing minor injuries. John Sudnik, chief of the Fire Department of New York, said wood construction in the attics of …
The sale of flavored vaping products is banned in New Jersey under legislation Democratic Governor Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. …
