UniCredit Raises Generali Stake as CEO Orcel Seeks Deals Influence February 12, 2025 By Sonia Sirletti UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in...
US SEC Will Not Defend Climate Rule in Court February 12, 2025 By Isla Binnie, Virginia Furness and Jonathan Stempel The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial...
Cash-Flush Florida Seeks to Retire $1.7 Billion of Debt and Prepare for Storms February 12, 2025 By Erin Hudson Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans...
Case to Clarify Economic Loss Rule Settles Days Before Fla. Supreme Court Arguments February 12, 2025 By William Rabb A potentially landmark ruling from the Florida Supreme Court, which liability insurers had hoped would greatly expand how much they...
North Carolina Insurance Agent Charged With Forgery, ID Theft on Life Insurance Policy February 12, 2025 A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out...
Whitewater Rafting Businesses Face Uncertain Future After Hurricane Helene February 12, 2025 By Travis Loller ERWIN, Tenn. (AP) — After 24 years of guiding whitewater trips on the Nolichucky River Gorge for other companies, Patrick...
Hawaiian Electric Welcomes Top Court’s Ruling on $4B Wildfire Settlement February 12, 2025 By Pooja Menon Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California February 12, 2025 Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available...
People Moves: PADIC Elects Basi President; ICW Names Moitoso President; CAC Specialty Appoints Leaders for Private Equity Practice February 12, 2025 PADIC Elects Basi President The Pacific Association of Domestic Insurance Companies, headquartered in California, elected Anisha Basi, general counsel for...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 12, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...