Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according to people familiar with the matter. Allianz and IAG are mulling the offers for the insurance arm of The Royal …
Allianz, IAG Said to Mull Bids for Top Western Australia Insurer Read More »
AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter Bakker as head of environmental package solutions for the middle market in the Americas. Bakker is based in New York. …
U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of digital assets. New legislation will deliver “clarity …
US Congress to Form Cryptocurrency Working Group Read More »
Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re, as chief legal officer and executive vice president. He is now turning that experience to Mangrove Property Insurance, a startup insurer based in Florida. The Demotech …
Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market Read More »
Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in U.S. history. The Eaton and Palisades …
LA Wildfire Losses Seen as High as $164 Billion, UCLA Says Read More »
Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up to $1 million in additional capacity above the California FAIR Plan. Features of XS Homeowners Insurance include: Available through certain …
Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners Read More »
The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims Act violations related to small business contract bidding. The company was accused of improperly securing contracts designed for small businesses …
A group calling for reforms to lower insurance costs across New York has launched its first ad. The newly-formed Citizens for Affordable Rates (CAR) blames “special interests in Albany” along with “fraud and bogus lawsuits” for driving up the costs …
VIDEO: New York Ad Campaign Targets ‘Hidden Tax’ Driving Up Insurance Costs Read More »
The Delaware Supreme Court on Tuesday issued a decision involving TripAdvisor that could make it easier for some companies to move out of the state, which is the corporate home for about two-thirds of the Fortune 500. In a 5-0 …
Delaware Supreme Court May Have Made It Easier for Some Firms to Leave State Read More »
The impact area where a medical transportation plane crashed in Philadelphia was notably “expansive,” U.S. Transportation Secretary Sean Duffy said Monday after viewing the site with investigators and city officials. Duffy said he was struck by “how expansive it was. …
Investigators View ‘Expansive’ Impact of Medical Plane Crash in Philadelphia Read More »
