Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this year. Farm Bureau, which industry analysts …
SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the …
A lay committee looking into historic child sex abuse in the Portuguese Catholic Church said Thursday that during its first month of work it received allegations from 214 people. The allegations are from people born between 1933 and 2006 and …
World Insurance Associates said it acquired Allied Partners Insurance Inc. of Gaithersburg, Maryland on February 1, 2022. Terms of the transaction were not disclosed. Allied Partners Insurance, Inc. was established in 2014. Wilberto Rivera and Nathan Wethje are owners. World …
Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to people familiar with the offer. The …
The U.S. Senate on Thursday approved a bill that would ban companies from forcing employees who allege sexual assault or harassment to settle their claims with an arbiter without the option of filing a lawsuit. The bill, which the House …
Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in Delaware and joins Hamilton’s existing operating subsidiaries Hamilton Re, Ltd. …
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based Buoyant Ventures with San Francisco-based fund Munich Re Ventures also …
BRUSSELS – Alphabet unit Google on Friday became the target of an antitrust complaint by the European Publishers Council over its digital advertising business, which could potentially strengthen EU antitrust chief Margrethe Vestager’s investigation into the issue. Google made $147 …
Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., has announced an investment in insurtech startup Redkik Inc., a cargo insurance administration and analytics platform. Cargo insurance policies have traditionally been written on an annual basis and priced based …
