June 1, 2021
ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication on disclosure. FINMA’s updated …
June 1, 2021
BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox …
June 1, 2021
Florida-based SUNZ Insurance Co. is now licensed to write workers’ compensation policies in 13 additional states: Colorado, Hawaii, Iowa, Nevada, New Hampshire, New Mexico, South Carolina, South Dakota, Utah, Vermont, Virginia, West Virginia and Wisconsin. With the addition of these …
June 1, 2021
A lawsuit filed over a dock fire that killed eight people at a county marina in north Alabama last year contends officials failed to ensure the safety of the structure. The wrongful death suit names Jackson County commissioners at the …
June 1, 2021
A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to 24 months or stop the state’s out-of-control …
June 1, 2021
Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, the Equal Employment Opportunity Commission (EEOC) has affirmed. Also, employers may offer incentives for employees to get vaccinated and …
June 1, 2021
AssuredPartners has acquired Anchor Pardue Insurance of Mountain Brook, Ala. Anchor Pardue is the second acquisition in May for Assured Partners and its 18th acquisition in 2021. The team will remain under the leadership of Richard Pardue, president, and Lisa …
June 1, 2021
Kentucky’s request for individual assistance for 22 additional counties hit by severe flooding has been approved by the Federal Emergency Management Agency, Gov. Andy Beshear said Friday. Assistance can include grants for temporary housing and home repairs, plus low-cost loans …
June 1, 2021
Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a strategy to cement its already-commanding presence in …