Scandal-Hit Indonesian Insurer, with $2B Financial Hole, Could Get Government Bailout January 10, 2020 By Fathiya Dahrul and Harry Suhartono Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered...
Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive January 10, 2020 Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly...
Hub International Acquires Canada’s RHC Insurance Brokers January 10, 2020 Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms...
Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report January 10, 2020 By Jonathan Tirone The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost...
Australians Evacuate Their Homes as Soaring Temperatures, Winds Fan Bushfires January 10, 2020 By Colin Packham and Swati Pandey Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as...
Carpenter’s Global Property Catastrophe Index Rises by 5% in January Renewals January 10, 2020 Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some...
Fastcomp Creates ‘Workers’ Comp Insurance Exchange’ for Independent Agents January 10, 2020 Fastcomp, a workers’ compensation technology platform based in Boston Heights, Ohio, has introduced a proprietary Multiple Quote Automation engine for...
Iowa’s Holmes Murphy Expands Leadership Team January 10, 2020 Waukee, Iowa-based Holmes Murphy has added three new members to its board of managers, as well as three new members...
Chamber of Commerce to Fight Corporate Breakups, Gig Worker Benefits January 10, 2020 By Ben Brody The leader of the U.S. Chamber of Commerce said the powerful business group will fight to reverse liberal policies being...
Steelworkers Union Sues to Reverse EPA Weakening of Chemical Plant Rules January 10, 2020 By Sebastien Malo The United Steelworkers sued the U.S. Environmental Protection Agency in federal court on Thursday in a bid to reverse its...