PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established MGAs ranging from support with their formation to …
The south of Brazil is preparing for the arrival of new rains and colder temperatures that threaten to deepen a crisis created by the historic floods that have deluged the region. As much as 300 millimeters (11.8 inches) of rain …
A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through the Gulf of Aden, officials said, likely part of a growing number of piracy attacks emanating from Somalia. The attack …
The season’s first major wildfires have spread to roughly 10,000 hectares (24,710 acres) across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of poor air quality across provinces. In British …
LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed Wednesday. And other poorly maintained power equipment sparked …
The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, …
The U.S. Supreme Court on Thursday ruled in favor of a Miami music producer in a legal fight with Warner Music over a song by rapper Flo Rida, finding that there is no time limit for recovering monetary damages in …
The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers. The group, known as Scattered Spider, has targeted 29 companies …
The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty Insurance Co., which was hit with a $1 million penalty for failing to properly handle hundreds of claims after …
Maryland Gov. Wes Moore signed two measures into law on Thursday that are aimed at better protecting personal data online from Big Tech, including a bill making Maryland the second state to try to create strong limits on information collected …
