Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering parametric coverage for commercial businesses in …
The New Mexico Office of Superintendent of Insurance approved a rate proposal submitted by the National Council on Compensation Insurance that will reduce voluntary workers’ compensation loss costs by an average of 10.7%, to become effective for policies renewing on …
More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm Forrester. “It’ll be a …
A fire in downtown Columbus destroyed a commercial building containing offices and a photo studio and left three firefighters with minor injuries early Sunday. A passerby discovered the fire and called 911 around midnight. When firefighters arrived within minutes, they …
Bailey Named Chair of Aon UK Ltd. Board Aon plc, a leading global professional services firm, today announced that it has named Marshall Bailey as non-executive chair of the Aon UK Limited Board, effective Jan. 31, 2023. Bailey replaces Simon …
Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired LaBrozzi Insurance Group, Inc. of Bradford, Pennsylvania. Terms were not disclosed. Debra LaBrozzi is the founder of LaBrozzi Insurance Group, which offers home, auto, …
SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims after the highest volcano on Indonesia’s most densely populated island erupted, triggered by monsoon rains. Mount Semeru in Lumajang district …
Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s political and financial establishment. Austrian former chief executive Markus Braun …
Xenia Broking Group Ltd. (XBGL) announced it has agreed to acquire the trade credit insurance business of Linda Scott Associates Limited (LSA). The transaction is expected to complete on Dec. 22, subject to certain closing conditions, following which XBGL will …
Hertz Global Holdings Inc. will spend $168 million to settle hundreds of claims that it falsely reported rental customers to the police for car theft when a vehicle was not returned on time. The company had been fighting to bottle …
