Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could be valued at €5 billion, according to press reports. The news story, which originally appeared in Bloomberg, “is credible,” according …
Shopping for personal lines insurance is showing signs of returning to pre-pandemic levels in the U.S., according to a new TransUnion report. Auto insurance remains a big exception, however. The consulting firm found in its Personal Lines Insurance Shopping Report …
Customers wanting to wine, dine and unwind to live music at the City Winery’s flagship restaurant in New York must show proof of a COVID-19 vaccination to get in. But that’s not required at most other dining establishments in the …
Johnson & Johnson said it agreed to pay $263 million to resolve opioid lawsuits filed in New York, settling the cases on the eve of the first U.S. jury trial over claims the company mishandled the highly addictive painkillers. The …
National Insurance Awareness Day on June 28 is meant as a reminder for individuals, families and businesses to review their insurance policies and take steps to prevent being underinsured. The review should include windstorm and a flood insurance coverages, according …
A town inspector had assured residents of a high-rise condominium in Surfside, Florida, that their building was sound a month after an engineering report warned of major structural damage that required prompt repair in 2018, U.S. media reported. The Champlain …
The ground-floor pool deck of the oceanfront condominium building that collapsed near Miami was resting on a concrete slab that had “major structural damage” and needed to be extensively repaired, according to a 2018 engineering report that also uncovered “abundant …
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the New South Wales and Queensland floods, which occurred in March 2021. The second estimate of the insurance market loss is A$916 …
MEXICO CITY – The first hurricane of the eastern Pacific season brushed past the coastal shoulder of southwestern Mexico Monday, keeping just off shore while sweeping the coast with heavy rains and winds that raised the threat of flash floods …
NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a statement Sunday that it …
