Republican Senators’ FARMER Act Seeks to Boost Crop Insurance Coverage April 24, 2024 By Ezra Amacher Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round April 24, 2024 ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round....
Cleveland to Pay $4.8M to Family of 13-Year-Old Killed During Police Chase April 24, 2024 CLEVELAND (AP) — Cleveland will pay $4.8 million to the family of a 13-year-old girl killed when a stolen car...
China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit April 24, 2024 Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as...
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co. April 24, 2024 Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard &...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination April 24, 2024 By Chad Hemenway Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance April 24, 2024 By Arun Balakrishnan Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize...
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review April 24, 2024 AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer...
Omaha National Acquires Sutter Insurance in California April 24, 2024 Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty...