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...
Nursing Home in Washington Paying $8M in Sexual Assault Suit April 9, 2021 A Seattle nursing home’s insurer has agreed to pay $8 million to settle a lawsuit brought on behalf of a...