The federal government has bought additional reinsurance to cover losses of the National Flood Insurance Program. On Feb. 23, the Federal Emergency Management Agency (FEMA), which administers the flood insurance program, entered into the agency’s fourth, three-year reinsurance agreement with …
San Francisco, Calif.-based Metromile Inc. has named Junna Ro general counsel. Ro oversees a team of legal, regulatory and compliance professionals as a member of the leadership team. Ro has more than 15 years of experience in the insurance industry …
Volante Global, an international managing general agent (MGA) platform, has launched a cyber ransomware product Cyber Lockout that combines ransomware insurance cover with cybersecurity technology. Cyber Lockout is designed to reduce an organization’s exposure to malware attacks, including ransomware. The …
Four baby food makers have been accused in Nevada state court of producing baby food tainted with toxic metals and harming at least seven Las Vegas children who were diagnosed with autism. Attorneys Will Kemp and Robert Eglet said the …
A freight train derailed in the Southern California desert on Wednesday, sending more than 40 rail cars crashing into the sand, authorities said. Nobody was hurt and there was no fire when the BNSF Railway train went off the tracks …
A former Red Oak, Iowa, insurance agent is facing felony charges related to alleged insurance fraud. The Iowa Insurance Division said Dustin French has been charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and …
Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed …
Kentucky’s governor toured parts of his state hard by heavy rains Tuesday and pledged to seek federal assistance after massive flooding inundated several areas. Gov. Andy Beshear said “parts of cities are underwater in eastern Kentucky” and Kentucky National Guard …
Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of Benefit Strategies Agency LLC and Financial Strategies Agency LLC (collectively, Benefit Strategies Agency), headquartered in Findlay, Ohio. Terms of the transaction were not disclosed. Benefit Strategies Agency …
Gov. Gretchen Whitmer has announced the further loosening of Michigan’s coronavirus restrictions, easing capacity limits in restaurants and a host of other businesses while also allowing for larger indoor and outdoor gatherings. The revised state health department order will take …
