Lemonade Expects to Be in the Black Within Three Years November 3, 2023 By Susanne Sclafane While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement,...
Sovereign Nations Insurance to Stop Selling Unauthorized Products in Washington November 3, 2023 Sovereign Nations Insurance, LLC signed a settlement agreement with Washington Insurance Commissioner Mike Kreidler to cease its operations in the...
Evertree Adds Virginia’s Prosper Insurance to Acquisitions November 3, 2023 Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November...
More Disruption in Who Appoints Boards in NC, as Court Blocks Legislative Changes November 3, 2023 RALEIGH, N.C. (AP) — A panel of judges on Wednesday blocked changes for now that were made by North Carolina`s...
Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says November 3, 2023 By Jim Sams Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then...
Company Charged in 2018 Blast That Leveled Home and Injured 3, Including 4-Year-Old November 3, 2023 State authorities have announced charges against a company over a natural gas explosion that leveled a house and injured a...
HDI Global Opens Branch in Portugal November 3, 2023 HDI Global SE has received regulatory approval to open a branch in Lisbon, Portugal. HDI Global has been operating in...
Travelers to Buy Cyber MGU Corvus for $435 Million November 3, 2023 The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about...
Ex-Crypto Mogul Sam Bankman-Fried Convicted of Multi-Billion Dollar FTX Fraud November 3, 2023 By Luc Cohen and Jody Godoy FTX founder Sam Bankman-Fried was found guilty Nov. 2 of stealing from customers of his now-bankrupt cryptocurrency exchange in one...
People Moves: Aspen Taps SiriusPoint’s Mardon as Global Head of Property Catastrophe; CNA Hardy Appoints Marsh’s Berman as Head of Specialty November 3, 2023 This edition of International People Moves details appointments at Aspen Insurance Holdings and CNA Hardy. A summary of these new...