Allianz has acquired a 51% stake in Jubilee General Insurance Co. of Tanzania Ltd. from Jubilee Holdings Ltd. (JHL) and the Aga Khan Fund for Economic Development (AKFED). JHL will retain a 15% stake and six minority shareholders will maintain …
To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s Investor Service. The rating agency said insurers have been “raising …
The US Department of Justice is changing its policy around a controversial anti-hacking law, addressing longstanding complaints from cybersecurity researchers that the law could criminalize good-faith efforts to improve technology. The Computer Fraud and Abuse Act, or CFAA, is a …
Alera Group acquired West Michigan Insurance Inc., a Property & Casualty insurance agency based in Grand Rapids, Michigan, with office locations in Shelby, Michigan, and Hart, Michigan. Founded in 1924, West Michigan Insurance brings a vast array of insurance and …
The National Weather Service has confirmed a series of weak tornadoes across rural parts of northwestern Kansas and a county in southwestern Nebraska along the Kansas line. The tornadoes hit Tuesday afternoon as a line of storms moved across the …
A North Carolina court has ordered jailed insurance and business entrepreneur Greg Lindberg to relinquish control of hundreds of his firms in a plan to salvage four of his insurance companies. The judge in Wake County found that Lindberg committed …
A wildfire in a heavily forested area of northern Michigan is now 98% contained and all road closures in the area have been lifted, state officials said Tuesday. The Michigan Department of Natural Resources said a stretch of the Black …
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) said it has adopted a new form: DWC Form-033, Request to Reduce Income Benefits Due to Contribution (DWC Form-033), effective immediately. The DWC said the adoption of the form is …
An Austin, Texas man was sentenced to 70 months in prison and ordered to pay $5,052,366.92 in restitution for his role in a fraud scheme. According to court documents, from 2012 until June 2018, Jason Michael Schubert, 47, devised a …
Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signaling more pressure on foreign companies to scale back their presence in the country. Prime Minister Viktor Orban, …