An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay […]
Hurricane Milton churned toward Florida’s west coast with winds powerful enough to demolish houses, threatening to unleash once-in-a-century flooding across some of the state’s fastest-growing counties. Milton’s top winds dropped slightly to 155 miles (250 […]
A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 billion-plus loss event. […]
Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out […]
Wimbledon is replacing line judges with electronic line-calling, the latest step into the modern age by the oldest Grand Slam tennis tournament.This post was originally published on this site
Home security firm ADT Inc said on Monday an unauthorized actor had illegally accessed its network using credentials obtained through a third-party business partner. Shares of the company fell 1.8% after the bell. Monday’s incident […]
Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed for business on 2 October […]
Investors in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton looks set to trigger payment clauses on a scale not seen in years. Two weeks […]
Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said. The Category […]
Optio Group, the London-based specialty managing general agent, announced it has acquired a strategic investment in the Italian MGA, Heca S.r.l., for an undisclosed sum. Founded in 2010 in Ortona, the province of Chieti in […]
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