Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources February 22, 2022 By Nupur Anand, Aftab Ahmed and Scott Murdoch Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it...
Jury Sides With Dubuque, Iowa Firefighter in Harassment Lawsuit February 22, 2022 A Dubuque firefighter who sued the city for sexual harassment and gender discrimination has been awarded $575,000 in damages. Jami...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’ February 22, 2022 By Huw Jones Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment,...
Porsches and Lamborghinis Lost at Sea in Cargo-Ship Fire Could Cost $155 Million February 22, 2022 The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least...
Proposal Aims to Raise Level of New Roads, Homes in Miami Area February 22, 2022 Miami-Dade officials are set to consider new county requirements that would raise the minimum building level to 6 feet as...
New Lending Rules Could Stifle Loans, Insurance for Florida Condos that Need Repairs February 22, 2022 Just as some insurers have tightened requirements for underwriting high-rise condominiums in the wake of the Champlain Towers collapse in...
Brown & Brown Going Tech Route with Everbridge Early Warning Systems February 22, 2022 Florida-based Brown & Brown, one of the largest independent insurance brokers in the U.S., this year will begin offering customers...
Officials Quarantine New York Site After Bird Flu Detected February 22, 2022 A highly pathogenic avian influenza has been detected in a non-commercial backyard flock of birds on Long Island in New...
Massachusetts Hospital Settles for $14.6M Over Billing for Overlapping Surgeries February 22, 2022 Massachusetts General Hospital will pay $14.6 million to settle a lawsuit that alleged overbilling for double-booked surgeries that were simultaneously...