Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion August 14, 2024 Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in...
South Korean Alarm Over EV Battery Fires Puts Spotlight on Safety Concerns August 14, 2024 South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV)...
Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk August 14, 2024 Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the...
Markets/Coverages: Amwins, Floodbase Unveil Flood Insurance for Golf Courses; Aegis Pro Risk Partners With Sentry on E&O Program August 14, 2024 Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost...
Vineyard Wind Allowed to Resume Limited Offshore Turbine Installation August 14, 2024 Vineyard Wind and GE Vernova on Tuesday said U.S. safety officials have allowed them to resume limited construction on an...
ALKEME Acquires Dunhill Marketing and Insurance Services in California August 14, 2024 ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services...
Samsung Recalling 1 Million Electric Ranges After 250 Fire and 40 Injury Reports August 14, 2024 Samsung is recalling more than 1.12 million electric ranges used for stovetops after reports of 250 fires and dozens of...
Massachusetts Resolves Disputes Worth $600M with Tobacco Manufacturers August 14, 2024 The Massachusetts attorney general has reached a $600 million settlement with major tobacco manufacturers, resolving some of the state’s complaints...
People Moves: Risk Strategies Appoints Leung as SVP August 13, 2024 Risk Strategies, headquartered in Boston, appointed Bradford Leung as senior vice president in its private equity practice. Leung brings over...
M4.4 Earthquake Near Pasadena Felt out to California’s High Desert August 13, 2024 The U.S. Geological Survey confirmed that a magnitude 4.4 earthquake struck an area southeast of of Highland Park, California on...