Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance. With …
The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into robot aerial deliveries and scores of other commercial uses in populated …
Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost’s stock purchases, valued at $873 million …
Reducing autonomous vehicle accidents during testing may be as easy as adding lighting to warn pedestrians. South Korean car parts firm Hyundai Mobis showcased what it calls its Communication Lighting concept at the CES show in Las Vegas last week. …
The U.S. Supreme Court on Monday turned away a Texas bank’s constitutional challenge to the structure of the U.S. Consumer Financial Protection Bureau, passing up a case that could have led to more presidential power over an independent agency that …
Specialty insurance broker AmWINS Group has agreed to acquire The Flood Insurance Agency, a Florida-based managing general agency that specializes in private market flood insurance. Scott M. Purviance, chief executive officer of AmWINS Group, said the addition of The Flood …
The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. …
The National Football League abruptly last week dropped its plan to challenge approved dementia diagnoses in a landmark concussion case as players’ lawyers accuse it of trying to delay payments and rewrite the $1 billion settlement. A federal court hearing …
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of …
SUNZ Insurance Solutions, LLC has formed a partnership with Cimarron Insurance Co. to utilize Cimarron’s Cover One and Cover Two workers’ compensation products. The new partnership provides workers’ compensation insurance options to SUNZ policyholders who have PEO clients who do …
