Banks Seeking New Protections in Wake of Citigroup’s $900M Mistake March 3, 2021 By Katherine Doherty and Lisa Lee Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment...
Hub International Limited Acquires Vermont’s Finn & Stone March 3, 2021 Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Finn & Stone Inc. Terms of the transaction...
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO March 3, 2021 By Chibuike Oguh Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering...
How a Social Media Fad Is Turning into a Cyber, Fraud Risk for Insurers March 3, 2021 By Elizabeth Blosfield Anyone who uses social media has probably come across deepfakes, which refer to media such as videos, photos or audio...
Beazley’s CEO Horton to Become Group CEO of QBE Insurance in Australia March 3, 2021 Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd....
Hiscox Cites Loss on COVID, BI Dispute ‘Brand Damage’; Will Alter Liability, Cyber Books March 3, 2021 By Muvija M British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19...
Security First Insurance of Florida Appoints Nationwide’s Moraski as VP of Claims March 3, 2021 Florida-based homeowners insurance provider Security First Insurance has appointed Greg Moraski as vice president of Claims. Moraski will oversee the...
Florida Legislative Session 2021: Insurance Bills to Watch March 3, 2021 By Amy O'Connor The Florida insurance industry will be fighting for property insurance reforms in the 60-day legislative session that kicked off this...
Many Meatpackers, Other Food Workers Still Waiting for Vaccines March 3, 2021 By Tom Polansek COVID-19 vaccines are making their way into the arms of U.S. meat and agriculture workers, but companies and union officials...
Global 2020 Cannabis Sales Hit $21B, Insurance Brokers Saw Premium Boost March 2, 2021 By Don Jergler If one thing can be said about the pandemic, it definitely was not a bad thing for cannabis, a business...