Authorities were investigating a helicopter crash in northeastern Pennsylvania, the Federal Aviation Administration said. The wreckage of a Robinson R44 copter was found in a remote area of Wyoming after the agency had issued an alert about a missing aircraft, …
LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and liability risks globally, with clients across …
Record premiums haven’t been enough to reverse U.S. directors and officers (D&O) insurers’ underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for D&O coverage has been significant. …
Now that Washington Insurance Commissioner Mike Kreidler’s credit scoring ban has passed a key legal hurdle, he’s urging his colleagues in other states to consider similar actions. A Thurston County Superior Court judge on April 23 allowed Kreidler’s emergency rule …
Former insurance broker Karen Marie Dondanville, 53, of Mission Viejo, Calif., was arrested on 90 felony counts including grand theft, insurance fraud, financial elder abuse, and forgery for allegedly collecting premiums and failing to place insurance coverage for her customers …
The American Property Casualty Insurance Association said it insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler’s emergency regulation banning the use of credit-based insurance scores. Kreidler issued a reminder earlier this week that insurance companies …
MarshMcLennan reported financial results for the first quarter of 2021 that included consolidated revenue of $5.1 billion, an increase of 9% compared with the first quarter of 2020. Operating income was $1.4 billion compared with $1.1 billion in the prior …
Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the country’s urgent needs around the pandemic. The contribution …
A Seattle, Wash., punk rock bar is suing the city’s new NHL hockey team for $3.5 million, saying the Kraken’s choice of a name and plans to open a restaurant are harming the Kraken Bar & Lounge, which opened a …
An Albany, New York-area school district is investigating a malware attack that forced students in grades 7 through 12 into all-remote learning on Monday, district officials announced. Officials at the Guilderland Central School District said on the district’s website that …