Two pieces of legislation that could help reduce losses and litigation costs for insurance carriers are moving in the Florida Legislature: Litigation funding restrictions and changes to the state’s home-hardening program. By a vote of 15-5, the Senate Fiscal Policy …

Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to the United Arab Emirates. US sanctions forbid Western companies from knowingly doing business with Iran. …

Britain’s financial watchdog said on Friday several insurers have agreed to suspend sales of policies that cover the depreciation of cars after it said it was worried the deals did not offer value for money. The suspension relates to so-called …

Along with hurricanes and litigation, Floridians and their insurers can now add another potential concern: earthquakes. The National Weather Service reported that a 4.0 magnitude temblor, one of the largest recorded in the state, was felt off Florida’s east coast …

Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging from 7% (Aon) to 18% (Arthur J. …

Fosun International Ltd. has revived a plan to sell Hong Kong-based Peak Reinsurance Co. after failing on a previous attempt, according to people familiar with the matter. BNP Paribas SA is helping the Chinese conglomerate find a buyer for its …

MILWAUKEE (AP) — The daughter of a Wisconsin inmate who killed himself in solitary confinement has filed a federal lawsuit against state prison officials, alleging they failed to provide adequate mental health care and medications. Dean Hoffmann was found dead …

Brazil subsidized rural insurance for farmers who deforested protected areas, engaged in slavery-like labor or planted in indigenous lands, according to a report from a nonprofit group. An investigation by Repórter Brasil found that farmers benefited from a government-backed insurance …

British regulators need an “ambitious growth mindset” to implement post-Brexit financial sector reforms faster and stop business going elsewhere, an industry body said on Thursday. Britain’s “Edinburgh Reforms” – proposed by finance minister Jeremy Hunt over a year ago – …

Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters. The …

Global warming exceeded temperatures of 1.5 degrees C over a 12-month period for the first time in record keeping. The European Union’s Copernicus Climate Change Service released its findings in its Global Climate Highlights 2023 report on Thursday, calling out …

Fourth quarter net income at CNA Financial Corp. was up about 54% to $367 million, and net income for the year increased 77% to a record $1.2 billion. CNA said its property/casualty segments recorded net premium growth during the quarter …

Inglis Elected to AIG’s Board of Directors The board of directors at American International Group, Inc., headquartered in New York, elected John (Chris) Inglis as an independent Director, effective March 1. Inglis is a former national cyber director and served …

CHARLESTON, W.Va. (AP) — A Virginia bank that is seeking to recover more than $300 million in longstanding unpaid business loans to the family of West Virginia Gov. Jim Justice is planning to auction off land at a sporting club …

A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes. All 15 members of the …

Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and his team have built J.B. Martin Insurance Agencies to provide a …

San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. The company says it will utilize the funds to …

A Connecticut judge has tossed a lawsuit by the estate of a woman who was killed in a crash while driving intoxicated following a mandatory wine tasting at the restaurant that employed her. The estate brought claims of common law …

Maine Governor Janet Mills has nominated Robert L. Carey of East Boothbay, who has advised state regulators and lawmakers on health insurance issues for decades, to serve as Superintendent of the Maine Bureau of Insurance. Prior to establishing his own …

A federal court has ordered a Milford, Connecticut, sports bar and its owner to pay employees a total of $359,485 in back pay, emotional distress damages, withheld compensation and punitive damages for violating labor and safety law anti-retaliation provisions. The …