Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate. The establishment of Agile Insurance Group NZ …
The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a railyard last year sees a simple solution to preventing similar deaths in the future: two-person crews. But that idea won’t be popular with …
Align Technology, the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub. The settlement would cover nearly …
A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tightening” its focus and …
Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting reinsurers, Munich Re is …
JACKSON, Miss. (AP) — The use of force was justified in four fatal shootings by Mississippi law enforcement officers last year, Attorney General Lynn Fitch said Wednesday. Fitch based her findings on investigations conducted by the Mississippi Bureau of Investigation. …
Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed. The proposal, aiming to reduce …
PCF Insurance Services, a large U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions. It’s the 14th acquisition so far this year for Utah-based PCF, …
Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.” Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk …
