Mylo in Kansas City, Mo., has named Belen Tokarski chief operating officer. Tokarski has served as senior vice president, chief of strategy – commercial lines since August. Tokarski has more than 20 years of experience. Before joining Mylo, she was …
A federal agency awarded Alaska a $35.8 million federal grant to support earthquake disaster recovery efforts, officials said. The Department of Housing and Urban Development awarded the grant in response to the damaging quake that struck parts of south-central Alaska …
Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses. Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data protection incidents. Customers will be insured against liabilities …
Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an allowable Coverage A of $2.1 million. In …
Workers’ compensation claims have emerged as another yardstick for measuring the devastation of the mass shooting in Virginia Beach. The Virginian-Pilot reported Sunday that 450 city employees have filed for workers’ compensation benefits. The vast majority of the claims are …
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million. The …
Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired the two subsidiaries of Gowrie Holdings Inc. (GHI). The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage with an established leadership reputation …
Plymouth Rock Assurance, an east coast-based insurance company, announced that Gerry Wilson, president and CEO of Plymouth Rock Assurance Direct Group, has informed company leadership of his decision to retire. “It has been a privilege to lead Plymouth Rock in …
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in Bloomington, Illinois. The outlook of these Credit Ratings (ratings) remains …
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap report. Italy suffered the majority of losses as an active stretch …
