News

Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources

DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN Investment Partners, has separately attracted …

Willis Towers Watson Collaborates on Hurricane Insurance for Endangered Coral Reef

Insurance broker Willis Tower Watson announced the launch of a multinational partnership to develop and implement insurance solutions that help protect and restore the endangered 1,000 kilometer (621 mile) barrier reef system along the Caribbean coast. The Mesoamerican Reef Insurance …

Winners Announced for 6th Annual Efma-Accenture Innovation in Insurance Awards

The winners of the sixth annual Innovation in Insurance Awards have been announced by Efma and Accenture, which jointly established the awards in 2016 to recognize technology innovation. At a virtual ceremony, Generali was a big winner, receiving four out …

Man Blinded by Bean Bag in Cleveland Racial Protest Sues Sheriff’s Deputy

A man hit in the face with a bean bag that left him blind in one eye during a racial injustice protest in downtown Cleveland, Ohio, a year ago has sued the sheriff’s deputy who shot him. Attorneys for John …

People Moves: Domek Joins HOAIC in Illinois; United Heartland Promotes Richeson in Kansas City; Liberty Mutual, Safeco Name Meuret Midwest Field Exec

HOAIC Homeowners of America Insurance Co. (HOAIC), an Irving, Texas-based property/casualty insurance provider, has added Paul Domek as a territory sales manager in Illinois. Domek brings over 20 years of insurance industry experience to HOAIC and has spent his most …

Florida Changes Driving Rule on Using Hazard Lights

TALLAHASSEE, Fla. —For years, Florida has been reminding motorists not to use flashing hazard lights while driving. Well starting soon, feel free to flash away _ but only on the highway. And only in heavy rain or fog. Hardly noticed …

Illinois Court: Insurer Has ‘Duty to Defend’ in Biometric Information Privacy Case

The Illinois Supreme Court recently sided with a policyholder seeking defense from its insurer for a lawsuit brought by a customer of a tanning salon alleging the insured unlawfully disclosed the customer’s biometric information to a third party. In the …

California City Paying $900K to Elderly Woman in Crash with Fire Engine

San Diego, Calif., will pay $900,000 to an 82-year-old woman whose foot and ankle were crushed when her car collided with a city fire engine that sped through a red light while heading to an emergency in 2018, a newspaper …

U.S. Insurers Lag Euro Counterparts in Climate Rating Report

Legislation to provide farmers with tools to help New York efforts to mitigate the impacts of climate change is making its way through state Legislature. The Soil Health and Climate Resiliency Act passed the Assembly unanimously last week, and was …

Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team. Joining Symphony Ventures …

News Archives by Month