SageSure, a managing general agent specializing in catastrophe-exposed markets in the Southeast and other states, along with its affiliated Anchor Re captive reinsurer and SURE reciprocal, announced they have secured a $60 million catastrophe bond, three months after SageSure closed …
Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks said in a …
Authorities in Western states warned of the rising risk of wildfires as hot conditions and low humidity dry out the landscape amid a protracted heat wave that is expected to bake much of the U.S. again Thursday. California’s top fire …
NEW ORLEANS (AP) — Lawyers for retired NFL quarterback Brett Favre asked a federal appeals court Tuesday to revive a defamation lawsuit Favre filed against a fellow Pro Football Hall of Fame member, former tight end Shannon Sharpe, amid the …
ST. PETERSBURG, Fla. (AP) — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the …
French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday. “No injury to the crew has been reported, no …
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with Probitas, first announced in March, was …
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. The UBS Asset Management …
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District …
