The son of a man who died in a snowblower accident in 2017 has filed a wrongful death lawsuit against both of Bangor’s hospitals and two medical professionals. Herbert Pelletier, 86, died four years ago of complications of a ruptured …
Traffic deaths across the country soared by 18.4% in the first six months of 2021, the largest number of projected fatalities in that time period since 2006. The Department of Transportation’s National Highway Traffic Safety Administration reported that an estimated …
Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were protesting the insurance marketplace’s underwriting of …
Flood Re, the joint initiative between the UK government and insurance industry to help make home flood insurance more affordable, has been touring flood-prone cities in the UK to highlight the resilience measures that residents and businesses can install to …
Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as it recovers from the impact of the coronavirus pandemic despite big claims from major storms on both sides of the …
The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by significant hail, rain, and strong winds over the past 24 hours. Insurers have received more than 12,000 claims so far …
General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing the Indian online insurer at $1.1 billion. Existing investors including Canada Pension Plan Investment Board and Lightspeed, a global technology …
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm. As part of the transaction, SiriusPoint has purchased a significant ownership stake in Parameter Climate in addition …
Louisiana’s temporary housing program for people displaced by Hurricane Ida is increasing its pace of getting people into travel trailers, but Gov. John Bel Edwards said he’s still pushing for the program to accelerate its work. “We’re not satisfied. We’re …
The Agnelli family’s EXOR NV agreed to sell its PartnerRe reinsurance unit to France’s Covéa for $9 billion, reviving a transaction that collapsed at the onset of the pandemic last year. Talks broke down in May 2020 when EXOR rejected …
