Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will mostly focus on acquisitions rather …
Kenya’s Britam Seeks More African Expansion After Imminent Congo Entry Read More »
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution …
Markets/Coverages: Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover Read More »
Canada’s record-breaking 2023 wildfire season led to a spike in air pollution in the country and in the US, erasing recent progress in cleaning up the air, according to new analysis. The wildfires, which burned 42 million acres of Canadian …
Canada’s 2023 Wildfires Pushed Air Pollution to Decade-Level Highs Read More »
The wildfires that raged across Greece, Turkey and Cyprus this summer were 22% more intense and 10 times more likely than they would have been in a world without climate change, according to scientists. The extremely hot, dry and windy …
Climate Change Made Turkey, Greece Wildfires 10 Times More Likely: Scientists Read More »
A Sierra Club employee filed a workplace misconduct complaint earlier this year with the board of directors alleging that then-executive director Ben Jealous engaged in sexual harassment and bullying. The employee’s complaint, reviewed by Bloomberg News, alleges Jealous made unwelcome …
Sierra Club Received Sex Harassment Complaint About Then-Chief Earlier This Year Read More »
Insurance industry rating agency AM Best on Thursday affirmed the financial strength rating of A+ (Superior) for the Allstate Insurance Group. The Oldwick, N.J.-based firm noted Allstate’s “favorable market position in the private passenger auto and homeowners’ markets” as well …
AM Best Affirms A+ Financial Strength Rating for Allstate Group Members Read More »
The US, Japan and South Korea pledged to intensify efforts to block North Korea’s use of overseas IT workers to raise money for its weapons programs, warning that Pyongyang’s operatives are using increasingly sophisticated tactics to evade detection. North Korean …
US, Allies Step Up Fight Against North Korean Cyber Activities Read More »
GULFPORT, Miss. (AP) — Rocking on his front porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes questions how anyone wouldn’t want to live there. “People are always going to gravitate to the water,” he said. “And we have …
A Mississippi City’s Tax Break Spurred Post-Katrina Building. But Will Homes Stand? Read More »
Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration, and continued innovation in insurance technology, according to the company. Comvest …
Aspire in California Secures Strategic Debt Financing from Comvest Partners Read More »
Since 2021, religious schools in Vermont have been receiving an increasing amount of money through Vermont’s school tuitioning program. But Act 73, Vermont’s wide-ranging education reform law signed into law in July, effectively halts that trend. Last week, the state …
New Vermont Law Halts Public Funds for Religious Schools. Is Litigation Ahead? Read More »
