The leaders of a $180 million scheme to sell Affordable Care Act insurance plans to homeless people and others who did not qualify were sentenced to 20 years in federal prison and full restitution. Cory Loyd, 47, who was a …
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups Read More »
The group of 15 backcountry skiers headed out on a three-day trek organized by Blackbird Mountain Guides into pristine wilderness near Frog Lake in California’s Sierra Nevada as a powerful winter storm moved into the state. The skiers made their …
Ski Trip Hit by Avalanche Was Led by Outfit Offering Mountain Adventures Globally Read More »
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before. John Seo, managing director and co-founder of Connecticut-based Fermat — a hedge fund manager …
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’ Read More »
New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. “Based on conversations with stakeholders, including in the legislature, it was clear …
New York Governor Hochul Pulls Robotaxi Expansion Proposal Read More »
More than two-thirds of independent agencies plan to increase use of artificial intelligence in the next 12 month though just 8% said AI is currently embedded in their daily workflows, according to a new report from The Big “I” Agents …
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says Read More »
Man-made climate change intensified the rain that fell over Spain’s Valencia region in 2024, when flash floods and landslides caused at least 230 deaths and an estimated €29 billion in damages ($34 billion). Global warming also meant that sudden and …
Climate Change Made Deadly Valencia Floods More Intense Read More »
While floods are becoming more frequent in recent years, you should still be able to buy reasonably priced home insurance. That reassurance exists largely because of Flood Re. Launched in 2016, Flood Re is a national public–private reinsurance scheme that …
How the UK Is Keeping Flood Insurance Affordable – Until 2039 Read More »
India temporarily extended permission for four Russian insurers to cover tankers calling at its ports, as the government seeks to sustain crude imports while also managing US pressure to end shipments from Moscow. The stopgap move lasts for one month, …
India Grants One-Month Extension to 4 Russian Marine Insurers Read More »
Markel announced a new collaboration with Upfort to provide eligible U.S. cyber policyholders with an expanded suite of tools to help them safeguard their businesses and help reduce the risk of cyberattacks. Upfort Shield, a multi-layer cyber defense platform, is …
Amwins Appoints Yuko and Shapiro to Lead New Hospitality Practice Amwins, headquartered in Charlotte, North Carolina, named Michelle Yuko and Joey Shapiro as leaders of its new hospitality practice, a dedicated industry-focused group designed to support retail partners. While continuing …
