Tokio Marine announced the appointment of Masahito Hirai as chief executive officer of Tokio Marine Asia Pte. Ltd. (TMA), its Asia regional headquarters, based in Singapore. He succeeds Noboru Yamagata, who had been interim CEO and will continue in his …
Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points to its Swiss Solvency …
A New Year’s Day explosion and fire leveled one Minneapolis garage, set another one ablaze and sent a man to the hospital with serious injuries. The Star Tribune reports that Just after 11 a.m. Saturday, fire crews responded to reports …
Louisiana’s medical marijuana program will offer raw, smokable cannabis to its patients, and the state will tweak its calculations for state income taxes as more than two dozen new laws take effect Saturday with the start of the new year. …
In an effort to increase awareness of the need for further reforms that could improve the state’s distressed property insurance market, an independent agents’ organization has released a set of infographics for consumers. The Florida Association of Insurance Agents last …
New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come. Here’s a look at some of the new requirements. Data …
A U.S. appeals court on Thursday revived litigation accusing a slew of large banks of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost profits at investors’ expense and make the banks appear …
Purdue Pharma is seeking to appeal to the 2nd U.S. Circuit Court of Appeals a judge’s decision to unravel its restructuring plan that would have insulated its owners from liability in civil opioid-related cases, according to a court filing late …
SafePoint Insurance Co. will assume 30,000 Louisiana homeowners policies from two insolvent insurers, Insurance Commissioner Jim Donelon announced Dec. 29. The 19th Judicial District Court approved terms of the takeover, which is retroactive to Dec. 1. The Louisiana Department of …
A federal judge has found that Skanksa USA, part of one of the largest construction companies in the world, failed to secure its barges before a 2020 Florida hurricane hit. The ruling opens the door to hundreds of lawsuits from …
