SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm. As part of the transaction, SiriusPoint has purchased a significant ownership stake in Parameter Climate in addition …
Louisiana’s temporary housing program for people displaced by Hurricane Ida is increasing its pace of getting people into travel trailers, but Gov. John Bel Edwards said he’s still pushing for the program to accelerate its work. “We’re not satisfied. We’re …
The Agnelli family’s EXOR NV agreed to sell its PartnerRe reinsurance unit to France’s Covéa for $9 billion, reviving a transaction that collapsed at the onset of the pandemic last year. Talks broke down in May 2020 when EXOR rejected …
The state of Arkansas filed a consumer protection lawsuit Wednesday against a Virginia-based medical supplier for nearly $11 million for failing to deliver supplies during the coronavirus pandemic, Attorney General Leslie Rutledge said. Rutledge said Wednesday that Med-Care Healthlink LLC …
Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in 2018. Series B funding was led by Weatherford Capital alongside existing …
A roller derby team that has called itself the Cleveland Guardians since 2013 sued the city’s Major League Baseball team in federal court in Cleveland on Wednesday alleging that the switch from Indians to Guardians infringes on its trademark. “A …
McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores. Several hundred workers were expected to participate in Chicago, Houston, Miami, …
The Bank of England will crack down from next year on banks and insurers that do not hold enough capital to cover risks from climate change, while also considering bespoke safety buffers. Climate-related financial risks are partially captured by existing …
California Insurance Commissioner Ricardo Lara announced several new appointments. The appointments include three new members to the California Department of Insurance Curriculum Board, one member to the California Insurance Guarantee Association Board of Governors, and five members to the Insurance …
A tornado touched down in western Louisiana Wednesday, Oct. 28, damaging more than a dozen homes in a part of the state still struggling to recover from repeated weather disasters, officials said. The National Weather Service said in a preliminary …
