Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida. Terms of the deal were not announced. ICCF was founded by Frank Hanrahan, its …
Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading platform dedicated to the oldest specialty class in the London market. This new initiative launched as a proof of concept in 2019 for …
Many homes near America’s largest wildfire survived the latest barrage of howling winds and erratic flames but New Mexico’s governor said Tuesday the risk of more destruction is high and that the long-term costs of recovering from the massive blaze …
Commercial insurance market Lloyd’s of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of climate protests. Since Lloyd’s sent out invitations for the …
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be “viewed as a possible aberration rather than a the start of a trend,” according to a new report from AM …
Major League Baseball said it’s settling a complaint by minor league players about “poverty” wages, avoiding a trial with hundreds of millions of dollars at stake that could have tarnished the league’s reputation. Lawyers for both sides in the long-running …
An engineer heading planned reconstruction of an aging dam in northeastern North Dakota warned the state’s governor that upcoming rainfall could add pressure to the earthen structure already weakened by flooding. Zach Hermann, of Fargo-based Houston Engineering, told Gov. Doug …
SageSure and SureChoice Underwriters Reciprocal Exchange (SURE) announced that SURE, a coastal property reciprocal insurer whose policies are exclusively available through SageSure, has successfully closed a $150 million private placement catastrophe bond transaction. Houston, Texas-based SURE entered into a three-year …
A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by U.S. …
Michigan Gov. Gretchen Whitmer announced this week that auto insurers should have issued the last of $400 per eligible vehicle insurance refunds by May 9 and that any residents who have not received their refund should contact their insurance company …