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CRC Group Hires Blair to Midtown Manhattan Office

CRC Group has hired Carol Blair as a professional lines broker for the CRC Midtown Manhattan office, effective October 1, 2017. Carol brings more than 16 years of experience in brokerage to CRC in professional risks in surplus lines. Her …

Congress Prepares to Address Flood Insurance Overhaul Again

The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed its push on Wednesday for lawmakers to enact an overhaul before the program expires on Dec. …

Starr Reaffirms Commitment to Singapore Insurance Market with Subsidiary SIIS

Starr Cos. reaffirmed its commitment to the Singapore insurance market, despite the fact it has decided to discontinue underwriting new business through the Starr Singapore Underwriting Agents, representing its Lloyd’s Syndicate 1919. Starr emphasized that Starr International Insurance Singapore Pte. …

French Startup Navya to Roll Out $290,000 ‘Robotaxi’ in Paris Within Weeks

Navya Technologies SAS will roll its robot-driven automobiles onto the cobbled streets of Paris in the next few weeks to try and beat behemoths from General Motors Co. to Alphabet Inc. at proving autonomous cars are safe. The French startup’s …

Insurtech-Led TPA, Advent Claims, to Administer Claims for Principia Underwriting

Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously managed claims in-house, will implement Advantage, Advent’s proprietary claims management system, to …

China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources

A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of the matter. China Taiping is negotiating to …

Nepal Bank Latest Victim in String of Global Cyber Heists

A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. [Editor’s note: Reuters issued a clarification to say …

Kentucky Accuses Endo of Contributing to Opioid Epidemic

Kentucky accused units of Endo International Plc on Monday of contributing to drug overdoses and an opioid epidemic by deceptively marketing its painkiller Opana ER, the latest lawsuit by state or local governments against the drugmaker. Kentucky Attorney General Andy …

Fifth Third Closes Acquisition of Epic Insurance Solutions, Integrity HR

Cincinnati, Ohio-based Fifth Third Bancorp has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR. Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and John Neace will continue to lead the …

Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to medium-sized businesses (SMBs). Through its platform, Zeguro will serve as a …

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