A federal judge has given final approval to a $73 million settlement of a lawsuit that alleged some 6,000 women were sexually abused by a former University of California, Los Angeles gynecologist. The 2019 class-action suit involved allegations that from …
Spring Partners, the London-based managing general agency platform, announced that insurer Beazley has renewed its capacity support for Spring’s financial institutions business for another 12 months from July 1, 2021. Financial details of Beazley’s capacity provision were not disclosed. “The …
Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or insurers should not be publicly disclosed. The report …
Parts of Pennsylvania and New Jersey on Tuesday were facing another round of rain one day after they were swamped by a series of storms that the National Weather Service said caused a rare flash flood emergency. According to forecasters, …
The fast-moving storm Elsa lashed New York City and New England with heavy rain and high winds Friday, flooding streets, toppling trees and hindering some rail service. Maximum sustained winds from the storm were 50 mph by late afternoon as …
Omaha National, a provider of workers’ compensation insurance, has announced it is expanding coverage to New York. By combining proprietary insurtech software with hands-on underwriting and claims management, Omaha National has achieved a low loss ratio since being founded in …
Burns & Wilcox Brokerage, a business unit of H.W. Kaufman Group solely dedicated to complex wholesale property/casualty brokerage, has opened its newest office in Boston, Massachusetts, and added five brokers to its growing Northeast team. Cooper O’Connor, Brian Sullivan and …
Three top Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to make cannabis federally legal, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal …
The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial terms. “We are pleased to invest in a talented and proven management team and …
insurtech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. Lula is an API (application programming interface) outfit that provides insurance infrastructure for companies including car rental …
