August 14, 2024
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The deal comes at a time …
August 14, 2024
South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that …
August 14, 2024
British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main businesses are in …
August 14, 2024
This post is part of a series sponsored by PCF Insurance Services. Joe Tejeda, a Practice Leader from PCF Construction, provides a look at builders’ risk and construction insurance. The construction industry is a complex ecosystem with various stakeholders—each facing …
August 14, 2024
July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask. Last week, Copernicus — the EU’s climate science …
August 14, 2024
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financial losses due …
August 14, 2024
NEW ORLEANS (AP) — British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the state of Louisiana that its wood pellet production facilities emit hazardous air pollutants above their …
August 14, 2024
Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost revenue due to flooding. Golf courses are often built on land prone to flooding. Yet, resorts and courses generally only …
August 14, 2024
Just as a Southeastern U.S. blood center tries to recover from another cyberattack on a health system, others who have lived through the pain offered some words of wisdom in a webinar Tuesday that could help providers minimize disruption as …
August 14, 2024
Vineyard Wind and GE Vernova on Tuesday said U.S. safety officials have allowed them to resume limited construction on an offshore wind farm off the Massachusetts coast where a turbine blade shattered last month. Vineyard Wind, owned by Avangrid and …