AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd’s of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said it will now pay $611.5 million in cash for Novae, up …
Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; Desjardins Insurance and Fosun RZ Capital also participated along with previous investors. Fosun RZ …
According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in 2017. Findings from the 2017 RIMS Cyber Survey include: Organizations …
Safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots are beginning to live up to their potential to significantly reduce crashes, according to two studies released Wednesday. At the …
Nestle SA’s Poland Spring Water unit has duped American consumers into paying premium prices for ordinary ground water that’s pumped from some of Maine’s most populated areas, rather than from natural springs as the company advertises, according to a lawsuit. …
An insurance agent in Floyd County, Ga., has been arrested on fraud charges related to the misappropriation of insurance premiums, according to the Georgia Department of Insurance. Marshall Irwin, 56, owner and operator of the Irwin Agency in Rome, Ga., …
Ironshore Inc. has unveiled a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is a dedicated computer response team comprised of cyber claims coordinators representing each specialty lines division. Howard Panensky will serve as …
Authorities in Florida say an auto theft suspect who wanted to watch the moon blot out the sun instead has a blot on his record. The Orange County Sheriff’s Office said on its Facebook page that Jocsan Rosado was arrested …
A Georgia truck driver has been sentenced to prison in a 2015 highway collision that killed five people after the trucker fell asleep at the wheel. A State Court judge in Savannah sentenced 61-year-old David Jerald Gibbons of neighboring Pooler …
Medical payments per claim in California’s worker’s compensation system dropped 9 percent in 2016 from two years prior, according to a report issued by the the Workers’ Compensation Insurance Rating Bureau on Thursday. The WCIRB’s California Workers’ Compensation Aggregate Medical …
