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Hub Acquires Assets of Atlanta-based Insurtech In-Fi; Hires Chasteen

Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a distribution platform for financial institutions, which utilizes technology and automation …

Trump Declares Disaster in Six Vermont Counties

President Donald Trump has made a disaster declaration for Vermont’s Bennington, Essex, Orange, Rutland, Washington and Windsor counties for flooding in April. Vermont Gov. Phil Scott says a preliminary assessment by the Federal Emergency Management Agency identified more than $2 …

Officials Say Multi-Million Dollar Loss in Nine-Alarm Boston Fire

Authorities in Boston say a fire that started at a vacant property and spread to nearby homes likely caused millions of dollars in damages. The Boston Fire Department tweeted that the cause of Saturday evening’s nine-alarm fire on the border …

Moving Companies Owner Pleads Guilty to More Than $1M Fraud Conspiracy

A New Jersey man who owned moving companies has admitted cheating customers by low-balling estimates and then jacking up prices once the goods were on his trucks. Rami Zubidat of Clifton on Wednesday pleaded guilty in federal court to conspiracy …

Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva

The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of China; Charles F. Lowrey, CEO, Prudential Financial; Jianmin …

ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook

ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named as runners up. Riskbook is focusing on …

PURE Programs Expands High Value Homeowners Coverage into 5 New States

PURE Programs has expanded its coverage for high value homeowners into Texas, Louisiana, Mississippi, Alabama, and Georgia. Across the region, PURE Programs will offer coverage for homes with a rebuilding cost of $1 million to $50 million that do not …

Kansas Supreme Court Throws Out Personal Injury Damages Cap

The Kansas Supreme Court on Friday ruled that the state’s cap on damages for noneconomic injuries in personal injury lawsuits is unconstitutional. The court ruled 4-2 that capping damages an injured person is able to recover in a lawsuit violates …

Drugmakers Sue to Halt Rule on Prices in TV Ads

U.S. drugmakers on Friday filed a lawsuit to prevent the companies from disclosing the list price of prescription drugs in direct-to-consumer television advertisements as per a newly proposed government regulation. The lawsuit was jointly filed by Amgen Inc, Merck & …

Report: Texas Would Lose Billions if Another Major Storm Hits Coast

Housing sales in Texas would drop, gasoline prices would increase, and the state would lose hundreds of billions of dollars in economic output if another major storm struck an unprotected coastline, according to an economic impact study. The joint study …