Canopius Group Ltd. announced the completion of Samsung Fire & Marine Insurance’s (SFMI) strategic investment in its business. The investment will support Canopius’s growth arising from the recent acquisition of AmTrust at Lloyd’s and merger with its own Lloyd’s interests, …
A Colorado city has agreed to pay $125,000 to a man who says a city police officer tackled him after helping another man break into his home two years ago. The Gazette reported Wednesday that 72-year-old William Michael Clark filed …
Wawanesa General Insurance has secured an eight-year lease on a new San Diego home office at 7650 Mission Valley Road. The 73,970-square-foot building is one-and-a-half miles from the company’s current location on Friars Road, which Wawanesa has been in the …
Five Montana hospitals are settling a lawsuit that claimed they made a deal with an insurer to inflate employee health coverage prices in return for $26 million. The hospitals, which deny wrongdoing, agreed to pay $6.9 million to employees to …
Airbnb’s CEO said the company was taking actions against unauthorized parties in the wake of a deadly shooting at a Halloween party held at an Airbnb rental home in California. In a series of tweets, Brian Chesky said Saturday the …
A federal lawsuit has accused top Delaware insurance department officials of workplace sexual and racial harassment. The Delaware News Journal reports an insurance department employee announced the suit Wednesday accusing Commissioner Trinidad Navarro of inappropriately touching her cornrows and making …
A Maryland business owner has been convicted after a trial on federal charges for conspiring to burn down his business in order to obtain insurance proceeds. A federal jury convicted Demetrios ‘Jimmy’ Stavrakis, age 53, of Lutherville-Timonium, Md., for an …
EverQuote Inc., an online insurance marketplace based in Cambridge, Mass., has hired Joseph Sanborn as senior vice president of Corporate Development and Strategy. Sanborn possesses more than two decades of experience advising technology companies on mergers and acquisitions, strategy and …
The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology. Companies from Cuadrilla Resources …
Fidelis Insurance, the Bermuda-headquartered re/insurer, announced it has taken an equity stake in a new managing general agent (MGA) Perigon Product Recall Ltd., and will be providing underwriting capacity. Perigon’s focus will be product recall and product contamination coverage for …
