Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues to …
Trōv, an early insurtech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire its technology assets. Trōv did not disclose financial terms of the …
California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses. The proposed regulations, which could be in effect by this summer, call for insurance companies …
German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters. Marked by devastating hurricanes and cold snaps in …
The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer’s free speech claim that she cannot be forced under a Colorado anti-discrimination law …
High Street Insurance Partners has acquired The Craft Agency in Jackson, Michigan. The Craft Agency has been serving their clients for 100 years and provides comprehensive personal lines, commercial and life insurance across Michigan. Robert Craft is president of The …
The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it assumes the car carrier is still on fire almost a full week after the crew abandoned ship. Two large tugboats …
The U.S. Supreme Court rejected an appeal by Energy Transfer LP’s Dakota Access Pipeline, letting stand a ruling that required a new federal environmental analysis and left the pipeline vulnerable to being shut down. Making no comment, the justices refused …
Germany’s Mabanaft GmbH & Co. KG, the fuel storage and distribution company that suffered a cyber attack at the end of January, said its first tests to restore operations weren’t successful, according to a letter sent to customers seen by …
A Chicago brewery was destroyed by a dramatic blaze early Feb. 21 that fire officials believe started in a nearby apartment building. The Twisted Hippo partially collapsed due to the fire which started about 3:30 a.m. in the Albany Park …