Risk Theory, a specialty insurance platform, announced it has completed the acquisition of Roundhill Express, a specialized managing general agent (MGA) underwriting commercial habitational properties throughout New York City. Roundhill Express operates in New York City’s commercial habitational market through …
Risk Theory Acquires New York City Property, Habitational MGA Roundhill Express Read More »
Global professional services firm Aon announced the first known stablecoin insurance premium payment among major global brokers. The proof of concept was backed by using trusted U.S. dollar-backed stablecoins, expanding digital asset insurance capabilities for clients, and supporting more efficient …
Aon Announces Stablecoin Insurance Premium Payment Option Read More »
Specialty insurer Beazley said it has reached an agreement to acquire kWh Analytics. Terms of the deal were not disclosed. kWh Analytics, a managing general agency, combines data with advanced analytics to deliver insurance and risk management solutions for clean …
Beazley to Acquire kWh Analytics to Add to Renewable Energy Portfolios Read More »
Policymakers around the world are readying measures to absorb surging energy and commodities prices triggered by the Middle East war that now threaten the global economy with its biggest shock since the pandemic. What were cast as dire scenarios when …
Global Leaders Race to Shield Their Economies From War Shocks Read More »
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and …
Oracle and OpenAI End Plans to Expand Flagship Data Center Read More »
Iran’s Revolutionary Guards said on Tuesday they would not let any oil be shipped from the Middle East if U.S. and Israeli attacks continue, prompting President Donald Trump to say the U.S. would hit Iran much harder if it blocked …
Iran Says Oil Blockade Will Continue Until Attacks End; Trump Threatens Heavier Strikes Read More »
At least a dozen clusters of ships have appeared near the Strait of Hormuz, a likely sign of elevated electronic interference around the waterway that’s central to the US and Israeli war against Iran. The groups, which can number more …
Vast Ship Clusters and Speeding Tankers Point to Hormuz Jamming Read More »
A new regulation requires Louisiana insurers to provide premium discounts to residential properties that obtain a Fortified designation in accordance with standards put forth by the Insurance Institute for Business and Home Safety (IBHS). Fortified homes in the central and …
Louisiana Regulation Sets Mandatory Discounts for Fortified Homes Read More »
An Indiana church that sought payment at replacement-cost level for fire damage to its property learned the hard way that procrastination can carry a price tag when it comes to settling insurance contracts. A federal appeals court ruled last week …
7th Circuit: Church Not Owed Replacement-Cost Payment for Fire Damage Read More »
A Wisconsin man who allegedly told police he tried to set fire to a Republican congressman’s office last year because he was angry that the lawmaker backed a bill requiring TikTok’s Chinese owner to sell off its U.S. operations was …
Man Receives 7 Years in Prison for Setting Fire Due to Anger Over TikTok Ban Read More »
