Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4% on debut. The company joins a list of firms that have gone public this year as the IPO market gains momentum following …
One of the world’s most common artificial sweeteners is set to be declared a possible carcinogen next month by a leading global health body, according to two sources with knowledge of the process, pitting it against the food industry and …
Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal cases, French and British authorities say, echoing a Reuters investigation that uncovered the phenomenon last year. In a pair of …
The latest crash tests by the Insurance Institute for Highway Safety reveals most small pickups fall short when it comes to rear seated passengers. “Our updated moderate overlap front crash test proved to be challenging for small pickups,” said IIHS …
How does the 2023 insurance market look so far? It depends on where you stand. Property is facing its most challenging market in 20 years. But D&O rates are down after spiking in 2020. Cyber is evolving to limit exposure. …
Starting Saturday, insurers and mortgage lenders for Florida homeowners will face some new restrictions on lender-placed insurance policies, thanks to a bill approved by state lawmakers this year. House Bill 793 takes effect July 1 and it bars what some …
The insurance broker McGriff, part of Carolina-based Truist Insurance Holdings, has hired Rodney Ledford as strategic growth officer for its small business and personal lines division. Ledford has 18 years of experience in the lines, most recently as vice president …
California Insurance Commissioner Ricardo Lara awarded $50,545,239 in grants to 34 district attorney offices representing 44 counties in the state to combat insurance fraud. The grants, funded through annual employer assessments, support law enforcement efforts in investigating and prosecuting fraud. …
Insurer GEICO is suing to recover more than $1.8 million in allegedly fraudulent and unlawful no-fault insurance charges it says it has paid to several New Jersey health centers since 2018. The charges were for a range of medical services …
Kyle Gerdts has joined Pinnacle Claims Management, Inc., headquartered in Irvine, Calif., as vice president, sales and account management. Gerdts joins from HealthComp, where he was director of sales with responsibilities for consultative sales and strategy. Before that, he worked …
