Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million March 19, 2025 Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million)...
Pipeline Company’s Lawsuit Against Greenpeace Goes to a North Dakota Jury March 19, 2025 By Jack Dura Greenpeace used malicious and deceptive tactics to disrupt the controversial Dakota Access Pipeline and keep it from going forward, an...
CRC Group Acquires Texas’ Risk Transfer Partners March 19, 2025 CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a...
Texas Bills Seek to Improve State’s Response to Wildfires March 19, 2025 By Jayme Lozano-Carver, The Texas Tribune A Texas lawmaker is laying the groundwork to create a statewide system that connects all first responders and government agencies...
Odey Banned From UK Financial Services Industry for ‘Lack of Integrity’ March 19, 2025 By Jonathan Browning Crispin Odey was fined £1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard”...
Fake WeWork Takeover Bid by Strip Mall Investor Gets Him Five Years in Prison March 19, 2025 By Chris Dolmetsch, Bloomberg A former strip mall mogul was sentenced to five years in prison for orchestrating a fake WeWork Inc. takeover bid...
Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years March 19, 2025 By Aaron Clark Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated...
Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels March 19, 2025 By Insurance Journal Staff Reports After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of...
After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits March 19, 2025 Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia,...
People Moves: Coalition’s First CTO Virudhagiri Joins From Tesla March 19, 2025 Coalition, the world’s first active insurance provider designed to prevent digital risk before it strikes, hired Maha Virudhagiri as the...