Heat Wave Blankets West as Wildfires Rage in Several States July 12, 2021 By Daisy Nguyen Firefighters struggled to contain an exploding Northern California wildfire under blazing temperatures as another heat wave blanketed the West, prompting...
Federal Judge Halts Part of Florida’s New Property Insurance Reform Law July 12, 2021 By Andrew G. Simpson A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts...
Purdue Pharma to Pay $4.5B in New York Settlement Over Role in Opioid Crisis July 12, 2021 Governor Andrew M. Cuomo has announced a $4.5 billion settlement with Purdue Pharma over the company’s role in falsely marketing...
Goldman Sachs-Backed Broker Aston Lark Acquires UK Golf Club Specialist Linkscover July 12, 2021 Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to...
Tri-State Consumer Insurance Company to Pay $500K for Compliance Failures July 12, 2021 Tri-State Consumer Insurance Company will pay a $500,000 penalty to New York state for multiple violations of New York law....
MGA Rokstone Receives Coverholder License to Underwrite in Africa July 12, 2021 Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has secured an insurance agent license from...
Former Player Sues Baseball Hall of Fame Over Mickey Mantle’s Bat July 12, 2021 Former New York Yankees star Joe Pepitone has filed a lawsuit against the National Baseball Hall of Fame and Museum...
German Cyber-Security Watchdog Confirms Country’s First ‘Cyber-Catastrophe’ July 12, 2021 By Andreas Rinke A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon July 12, 2021 June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting...
Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS July 12, 2021 By L.S. Howard Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS,...