Recent research shows that more insurers are taking advantage of Cloud technology for data storage and managing business functions. According to a 2018 report from Novarica called Cloud Adoption in Insurance: Trends and Issues, more than 70% of insurers reported …
Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers. The initiative follows Aon’s launch of similar Capital Advisory units in the UK and U.S., …
Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Ltd., a new specialty re/insurance …
Satellite Agency Network (SAN) Group Inc., a Hampton, N.H.-based alliance of independent insurance agencies in the Northeast, has announced that Summit Financial Group Inc. of Milford, Conn., has become a member of the network. Established in 1985 by Kenneth Ponelli, …
Two dozen vehicles were damaged in what authorities are calling a suspicious fire at a condo complex in Essex. Essex police say the carport on Densmore Drive was engulfed in flames early Saturday morning. Firefighters were able to put out …
A house exploded on Nantucket, Mass., Thursday, sending two people to the hospital, damaging nearby homes and creating a boom heard miles away. The Nantucket Fire Department reports it is the second time in as many weeks that similar blazes …
Co-workers Rajdeep Singh, 35, of Rocklin, Calif., and David Bailey, Jr., 29, of Sacramento, were arrested on multiple counts of insurance fraud and arson after allegedly conspiring to commit vehicular arson in order to receive an undeserved insurance payout of …
Crest Insurance Group LLC of Scottsdale, Ariz., has added Sarah Wimmer as a personal lines manager. Wimmer will oversee employees within the personal lines department from all seven branches including Tucson, Scottsdale, Sierra Vista, Flagstaff, San Diego, Denver and Ft. …
Metairie, La.-based Gray Insurance Co. is expanding its excess casualty capabilities with the launch of Gray Surplus Lines Insurance Co. on Dec. 1, 2020. Domiciled in Louisiana and with an A.M. Best rating of A- (Excellent), Financial Size Category of …
A magnitude 5.5 earthquake struck a remote corner of Nevada early Friday, shaking the desert and a nearby town, the U.S. Geological Survey confirmed. The quake struck at 1:13 a.m. and was centered about 21 miles southeast of Mina, a …