Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh April 24, 2024 Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round April 24, 2024 ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round....
Cleveland to Pay $4.8M to Family of 13-Year-Old Killed During Police Chase April 24, 2024 CLEVELAND (AP) — Cleveland will pay $4.8 million to the family of a 13-year-old girl killed when a stolen car...
China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit April 24, 2024 Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as...
UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co. April 24, 2024 Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard &...
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review April 24, 2024 AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer...
Omaha National Acquires Sutter Insurance in California April 24, 2024 Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty...
Iowa Governor Signs Bill Lowering Reinsurance Tax for Captive Companies April 23, 2024 Iowa will lower the amount of reinsurance tax due from some captive companies under a bill signed by Governor Kim...
Michigan Doctor Faces Trial for Alleged $400K Disability Insurance Fraud April 23, 2024 A Michigan doctor was bound over last week in the 48th District Court in Bloomfield Hills on charges stemming from...
Ohio Manufacturer Fined $314K Following Fatal Workplace Incident April 23, 2024 An Ohio subsidiary of one of the world’s largest automotive suppliers could have prevented a 26-year-old employee in Franklin from...