China’s Anbang Insurance Group Co. Ltd. and HNA Group Co. Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said. The conglomerates …
Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in the shipping industry. EY and Guardtime said the …
The Trump administration’s plan to slash spending on getting people to sign up for Obamacare will further undermine the law’s already fragile health insurance markets, according to health experts, insurers and people who helped implement the law. Last Thursday, the …
Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas. Florida’s private flood insurance market represents a tiny sliver …
Wells Fargo & Co.’s disclosure Thursday that employees may have opened significantly more unauthorized accounts than previously stated could jeopardize a $142 million class-action settlement with customers that won preliminary approval from a judge in July. The scandal that helped …
Everest Insurance has expanded their construction builders risk offering with the launch of a suite of new builders risk policy forms. These forms offer commercial builders risk coverage products targeting project specific builders risk, master builders risk, specified perils, and …
Authorities say a Georgia county’s fire risk rating is dropping, which may mean lower insurance premiums for some. The Telegraph of Macon reports that a release from the Peach County Fire Department says the new Insurance Services Office rating of …
A Florida police chief has been fired just more than a year after one of his officers accidentally shot and killed a woman during a citizens academy exercise. Punta Gorda City Manager Howard Kunik announced Tom Lewis’ termination on the …
A fire chief and three other volunteer firefighters are facing arson charges in Kentucky. Kentucky State Police said in a news release Friday that the arson charges stem from a fire in an empty building in Crofton on Aug. 20. …
Shares of Florida home insurers, including Heritage Insurance Holdings, tumbled on Tuesday and many extended losses later in the day as Hurricane Irma appeared set to hit Florida on Saturday, causing investors to brace for losses. HCI Group shares posted …
