First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced it has added two Iowa-based partner agencies. Joining the First MainStreet platform in June was Hagge Insurance Agency. As a second-generation insurance agency with roots dating back to …
Greenland’s rapidly melting ice sheet will eventually raise global sea level by at least 10.6 inches (27 centimeters) — more than twice as much as previously forecast, according to a study published Monday. That’s because of something that could be …
Accelerant, an insurtech platform that aims to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide multi-year risk capital to Accelerant and its team of underwriting-led …
Insurance broker The Hilb Group reports it has acquired Massachusetts-based Cook & Company Insurance Services in Hanover. Cook & Co. offers health plan consulting and brokerage services to employers in New England, including a specialized focus on medical stop-loss and …
A Florida judge has thrown out a constitutional challenge to an insurance litigation reform law, noting that the state officials named in the lawsuit were not the correct defendants. Plaintiffs Restoration Association of Florida and Air Quality Assessors, headed by …
Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning the use of credit-based insurance scores. Judge Thomas initially granted the industry’s petition for a declaratory judgment …
California lawmakers this week approved a nation-leading measure that would give more than a half-million fast food workers more power and protections, over the objections of restaurant owners who warn it would drive up consumers’ costs. The bill will create …
Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance market. Fairmatic started back in May 2018 and did …
The Rum Creek Fire in remote southwest Oregon has burned nearly 18.75 square miles is threatening thousands of homes and is only about 1% contained. As of Tuesday morning, the Northwest Interagency Coordination Center said 5,035 homes and more than …
One day after a judge set a new trial date for former Carolina insurance executive Greg Lindberg’s bribery case, the U.S. Securities and Exchange Commission charged that Lindberg and an associate had defrauded clients out of $75 million by using …