UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP October 27, 2021 NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a...
Connecticut Seeks Disaster Declaration for Flooding Caused by Ida October 27, 2021 Connecticut Governor Ned Lamont has submitted a request for a major disaster declaration to the Biden administration, seeking federal funds...
Aston Lark Acquires Birmingham Broker Bainbridge Collins October 27, 2021 London-based Aston Lark reported it has acquired Bainbridge Collins Ltd., a Midlands independent insurance brokerage focused on the mid corporate...
Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises October 27, 2021 While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused...
Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink October 27, 2021 SHANGHAI/BEIJING — Ping An Insurance Group Co of China Ltd., the country’s largest insurer by market value, posted a 31.2%...
Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best October 27, 2021 Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies...
Georgia Court Says No Double Dip on Auto Policies After Accident October 27, 2021 The injured party in an automobile collision cannot double-dip on insurance coverage simply because she calls the payment from the...
Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso October 27, 2021 MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico...
AM Best Downgrades Outlook for Journey Insurance October 27, 2021 AM Best credit rating agency has given Florida-based Journey Insurance Co. a financial strength rating of “excellent,” but downgraded the...
California Labor Commissioner Cites Grocer $1.1M for COVID Sick Leave Practices October 26, 2021 The California Labor Commissioner’s Office cited Bodega Latina (dba El Super grocery stores) in Southern California $1,164,500 for failing to...