Farmers Insurance has confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway. The insurer cited rising costs as the reason. “With catastrophe costs at historically high levels and reconstruction …
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, announced the launch of Amwins Amplify, a new automated follow-form facility, led by Beazley’s Smart Tracker Syndicate 5623. Amplify is initially covering property before adding cross-class diversification, with …
The U.S. Supreme Court on Friday preserved the Justice Department’s power to unilaterally dismiss lawsuits filed under a law that lets whistleblowers sue businesses on behalf of the government to recover taxpayer money paid to companies based on false claims …
Jamaican Finance Minister Nigel Clarke said he is seeing “definite interest” from other Caribbean countries to join in issuing a regional catastrophe bond that would protect their budgets from hurricanes and spread investor risk across more countries. Clarke told Reuters …
Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The acquisition of Northern Lloyd reinforces Howden’s strategy to …
A Vermont man facing charges he murdered his mother at sea in order to obtain a multimillion dollar inheritance has been found dead in his jail cell in New Hampshire, officials announced yesterday. The state medical examiner and the Keene …
Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as Cyclone Biparjoy made landfall after authorities there and in neighboring Pakistan had evacuated more than 180,000 people to safety. Deserted coastal towns were battered in …
TOPEKA, Kan. (AP) – Kansas Insurance Commissioner Vicki Schmidt has been diagnosed with breast cancer and plans to undergo treatment in the coming weeks. Schmidt disclosed the diagnosis in a statement Wednesday. She said she will continue to work as …
The impact from a June hailstorm over Texas with baseball to softball-sized hail is expected to cause over $1 billion in insured losses, according to catastrophe modeling firm Karen Clark and Company. The storm occurred June 10th to 13th as …
An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued after selling the Chicago Police Department access to a facial recognition database that reportedly contained 3 billion images extracted from …
