Florida-based global insurance firm Brown & Brown is rebranding the 130 retail insurance agency locations it has acquired over the years under the Brown & Brown name. The move by Brown & Brown will retire the original retail names of …
The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications, three people familiar with the matter told Reuters. SEC enforcement staff contacted multiple banks in recent …
Texas Governor Greg Abbott’s ban on COVID-19 vaccine mandates will likely be superseded by the Biden administration plan to require shots for workers, but the dueling rules could take months to sort out in court, creating uncertainty for employers with …
The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer …
London-based DUAL, the underwriting arm of Howden Group Holdings, reports it has completed the acquisition of Align Financial Holdings that was announced in August. San Diego-based Align is a specialist general agency and underwriting management group, underwriting more than $680 …
The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate. A study conducted by CyberCube, AM Best and Aon found that …
Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each across the U.S. during 2021. These events include one drought/heat wave event, two flooding events, nine severe storm events, four …
Royal Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices used to treat sleep apnea that are linked to cancer concerns. Amsterdam-based Philips, maker of respiratory …
It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official and industry CEO argued separately at ITC Vegas …
China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times. China, the world’s second largest economy, is likely to …
