Majesco Acquires Decision Research Corp. Insurance Software Business January 8, 2024 Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business....
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
Gallagher Acquires German Specialty Broker Köberich Financial Lines January 8, 2024 Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance,...
FEMA Adds Nearly $620M to Reinsurance Program January 8, 2024 FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the...
Affinity Hires Revenue Chief, NC DOI Elevates Counsel to Chief Operating Officer January 8, 2024 Affinity Advisors, providers of a digital platform for securing specialty insurance, has named a former Aon and Marsh McLennan executive...
North Carolina Rate Bureau Wants 42% Hike in Residential Property Insurance Rates January 8, 2024 The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42%...
Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss January 8, 2024 A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance...
New York City Subway Collision With Another Train Injured More Than 20 People January 8, 2024 A New York City subway train derailed last Thursday after colliding with another train at low speed, leaving more than...
Mutual Insurance Company of Arizona Declares $15M Dividend January 8, 2024 The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million. The funds are...
Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth January 5, 2024 A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people...