Erie Insurance Names Jorie Novacek as Senior Vice President and Controller Erie Insurance has named Jorie Novacek as the company’s new senior vice president and controller, effective March 3. Novacek, who currently serves as the company’s vice president for corporate …
Brokerage Hub International and insurtech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the top independent marketplace for online delivery of small-business insurance. It was one of the original insurtechs launched to serve small …
The California Public Utilities Commission (CPUC) on Monday issued permits to self-driving units of General Motors and Alphabet Inc. to allow for passenger service in autonomous vehicles with safety drivers present. CPUC said the GM unit Cruise and Alphabet’s Waymo …
A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the German asset manager’s funds arm. The move marks an important milestone …
An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two sources familiar with the matter told Reuters. The court’s …
Global insurance intermediary Howden Group Holdings has agreed to acquire a major Italian insurance broker, Assiteca. Howden plans to acquire 86.965% of the outstanding share capital of Assiteca S.p.A. held by Assiteca’s founder, Luciano Lucca, and Chaise S.p.A., a company …
Global insurance and professional services firm Aon has acquired actuarial software platform Tyche from technology and software firm RPC Tyche. Tyche develops customized risk and capital modelling software for actuaries, quantitative analysts and risk teams. Its global clients include some …
Climate change is already disrupting billions of lives and humanity is not doing enough to limit the suffering, the United Nations climate science panel warned in a major report on Monday. Noting that nearly half the world’s population was already …
Illinois is expected to receive $760 million as part of a settlement with pharmaceutical distributors sued for their role in the opioid crisis, the state attorney general announced Feb. 25. Attorney General Kwame Raoul’s office said the state’s share of …
Conservative U.S. Supreme Court justices on Monday appeared skeptical of the federal government’s authority to issue sweeping regulations to reduce carbon emissions from power plants in a case that could undermine President Joe Biden’s plans to tackle climate change. The …
