U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season April 12, 2021 The U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources April 12, 2021 SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S....
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...
Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD April 12, 2021 Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has...
California County Agrees to Pay $3.5M in 2018 Jail Death Case April 12, 2021 San Diego County will pay $3.5 million to settle a lawsuit brought by the family of a mentally ill man...
Hawaii Study Offers Steps to Battle Climate Change April 12, 2021 A new study from the University of Hawaii’s School of Architecture has offered detailed short- and long-term design alterations that...
Amwins Forms National Employee Benefits General Agency April 12, 2021 Three general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come...
Los Angeles Paying $1.6M to Settle Suits Alleging Police Wrongdoing April 9, 2021 Los Angeles will pay nearly $1.6 million to settle three lawsuits involving alleged wrongdoing by the city’s police department, a...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman April 9, 2021 This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market April 9, 2021 AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as...