A Delaware teen is accused of starting a fire at a Family Dollar store that caused an estimated $3 million in damages. Harry Miller with the State Fire Marshal’s Office tells news outlets that the 16-year-old boy was charged Wednesday …
Federal prosecutors say a Maryland restaurant owner was under pressure, facing an impending divorce and financial ruin. His solution, they say, was to burn down his restaurant for insurance money, and implicate his soon-to-be ex-wife as a terrorist. The Capital …
National independent agency alliance SIAA (Strategic Insurance Agency Alliance) has promoted two executives, Steve Tombarelli and Jeff Holmes, and expanded their roles. Tombarelli is now senior vice president, Business Expansion & Innovation. He will retain overall responsibility for the commercial …
Papa John’s International Inc. founder John Schnatter will be questioned by the pizza chain’s lawyers about his demand for internal files related to directors’ handling of his ouster from the company. Schnatter sued last month in Delaware Chancery Court for …
State Farm Mutual Automobile Insurance Company has announced it will cut its rates in New York. As a result, its overall personal auto rate will drop by 3.4%. The total state-wide expected impact for State Farm Mutual by this rate …
Foremost Insurance Group, a member of the Farmers Insurance Group, said the Foremost automobile insurance book of business will be rebranded as Bristol West. The company said this rebranding will be phased in over the next several months and completed …
Lloyd’s announced that its chief commercial officer, Vincent Vandendael, has decided to leave the corporation after almost six years. He will be moving to Everest Insurance as CEO of International Insurance in early 2019. A Lloyd’s representative explained that the …
Zurich Insurance Group believes a competition will help it find cutting-edge startups and entrepreneurs with whom to collaborate in the insurtech space. The Swiss insurer launched what it is calling the Zurich Innovation World Championship, billing it as a global …
Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit insurance, contract frustration and political risks …
The first half of 2018 aptly demonstrated that the insurance-linked securities (ILS) market has an undiminished appetite to provide re/insurance protection – despite last year’s expensive insured natural catastrophe losses, according to Swiss Re Institute’s sigma publication While not quite …
