The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …
The Federal Trade Commission is seeking public feedback on a proposed rulemaking to limit what it’s dubbed “commercial surveillance” by businesses that sell or share information collected about people, with potential new powers to levy fines for data protection violations. …
With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the …
The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change. Funding for the Building Resilient Infrastructure and …
Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for 24.3% of top …
Authorities worked Thursday to determine the cause of a house explosion in a southern Indiana neighborhood that killed three people and left another person hospitalized. The explosion Wednesday afternoon in Evansville damaged 39 homes and crews had not yet completed …
Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a London appointed representative that sources reinsurance, insurance, fronting and risk transfer business from the UK, Europe and internationally for the group. …
The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has just announced plans to replace its CEO. Philips says …
The nearly $50 million defamation verdict against Alex Jones for his years of lies about the Sandy Hook Elementary School massacre is far from a final reckoning. Jones’ attorneys plan to appeal and try to lower the price tag a …
MagMutual Insurance Co. and MDAdvantage Holdings Inc. have reached an agreement for MagMutual, headquartered in Atlanta, to acquire MDAdvantage Insurance Co., based in New Jersey. MDAdvantage, according to AM Best, is one of the top three providers of medical professional …