Mitsui Sumitomo Insurance Co. has completed its acquisition of Warren, New Jersey-based reinsurance intermediary Transverse Insurance Group, closing a deal that was announced in August. Mitsui Sumitomo Insurance Co., a subsidiary of Japan’s MS&AD Insurance Group Holdings, has acquired all …
Damaging winds and heavy rains from a powerful “atmospheric river” pounded California on Thursday, knocking out power to tens of thousands, causing flash flooding, and contributing to the deaths of at least two people, including a child whose home was …
The family of Phoenix, Arizona, man who died in a Maricopa County jail two years ago has filed a lawsuit, alleging police officers used unreasonable force during his arrest. The suit filed last Friday in federal court seeks unspecified general …
After a job-site injury left independent contractor Ernest Guthrie paralyzed below the waist, two insurers for the contractor that hired him agreed to pay the full policy limits — $1 million each — only one month after receiving a payment …
Risk Strategies Names Lamond as Commercial Lines Leader, New England Region Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be responsible for building a regional strategy …
HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago …
Insurance and investment firm Alera Group announced its acquisition of Virginia Beach-based The Ascent Group and affiliated companies. The acquisition adds significant assets under management to two Alera Group divisions: approximately $1.5 billion within Alera Group Wealth Services’ registered investment …
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said. The Black Sea is crucial for the …
In one of his last official acts in office, Massachusetts Gov. Charlie Baker yesterday signed a bill designed to curb the theft of catalytic converters by regulating the purchase of the automobile parts by scrap metal dealers. Scrap metal buyers …
France experienced its hottest and second-driest year on record in 2022, putting pressure on the government to step up its fight against climate change that’s straining everything from energy to agriculture. Temperatures averaged 14.5 Celsius last year, the highest since …
