IMA Acquires RiskPoint in Pacific Northwest March 5, 2024 IMA Financial Group acquired RiskPoint Insurance Advisors LLC in the Pacific Northwest. With the transaction, k.p.d. Insurance and JL Jones...
Jury Awards $72.5M to Woman Paralyzed When Struck by New York City Bus March 5, 2024 A Florida woman who says she was struck and dragged by a New York City bus and left partially paralyzed...
Hacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data March 5, 2024 By Raphael Satter A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to...
JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle March 4, 2024 By Jonathan Stempel Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after...
People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP March 4, 2024 This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A...
UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M March 4, 2024 Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for...
New Survey Reveals How Independent Agents Are Adapting to the Hard Market March 4, 2024 The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted...
Medical Incident Likely Led to SUV Crashing Into Michigan Walmart, Authorities Say March 4, 2024 CANTON TOWNSHIP, Mich. (AP) — A driver who crashed her sport-utility vehicle into a Walmart store in suburban Detroit was...
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable March 4, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...