Hedge Funds’ Mega Returns Set Off Demand Spiral for Catastrophe Bonds February 5, 2024 By Sheryl Tian Tong Lee and Gautam Naik As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind...
EU Agrees New Push to Repair, Not Replace, Defective Consumer Goods February 5, 2024 Consumers will be given greater rights to have goods such as washing machines and smartphones repaired under new rules agreed...
North Carolina Lawmakers Say Changes Could Come for State’s High-Risk Driver Pool February 5, 2024 North Carolina has a rather unique setup for auto insurance, allowing insurers to place high-risk drivers into the state Reinsurance...
Former Agent Sentenced to 15 Years in ‘FastLife’ Scheme. Spent Funds on Insurance February 5, 2024 By Insurance Journal Staff Reports A former Sarasota insurance agent and financial advisor has been sentenced to 15 years in prison for what prosecutors said...
AM Best Revises Outlooks to Negative for Amica Mutual February 5, 2024 Insurance rating firm AM Best has revised the outlooks to negative from stable and affirmed the superior credit ratings of...
Hub Launches High Net Worth Excess Wildfire Program in California February 5, 2024 HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will...
Medical Biller Who Posed as Patients, NBA Player Sentenced for Insurance Fraud February 5, 2024 A medical biller has been sentenced to 12 years in federal prison after being convicted in a massive insurance fraud...
People Moves: CIWA Names Four New Board Members February 5, 2024 The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S insurance wholesalers, carriers and supporting entities,...
Liberty Mutual to Eliminate 250 Positions February 2, 2024 By Chad Hemenway Liberty Mutual has confirmed it is eliminating about 250 positions, or 0.5% of its global workforce, as it continues implementing...
Europe’s Toughest ESG Rule Hits Wall of German Objections February 2, 2024 By John Ainger and Frances Schwartzkopff The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan....