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21 01, 2025

Insurers Balk at $19.7M Claim on Fake Basquiat Paintings Seized by FBI

By | January 21st, 2025|Uncategorized|Comments Off on Insurers Balk at $19.7M Claim on Fake Basquiat Paintings Seized by FBI

Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022. The …

21 01, 2025

People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

By | January 21st, 2025|Uncategorized|Comments Off on People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

This edition of International People Moves details appointments at SCOR UK and SCOR Syndicate as well as QBE. A summary of these new hires follows here. SCOR UK Promotes Mummé-Young to CUO SCOR announced the appointment of Henry Mummé-Young as …

21 01, 2025

NHTSA Opens Preliminary Probe into More Than 870,000 GM Vehicles

By | January 21st, 2025|Uncategorized|Comments Off on NHTSA Opens Preliminary Probe into More Than 870,000 GM Vehicles

The U.S. National Highway Traffic Safety Administration said it was opening a preliminary probe into 877,710 vehicles manufactured by General Motors, after receiving reports alleging engine failure. The investigation covers certain Chevrolet Silverado, GMC Sierra, Chevrolet Tahoe, Chevrolet Suburban, GMC …

21 01, 2025

Generali, BPCE to Form Europe’s Second-Largest Asset Manager

By | January 21st, 2025|Uncategorized|Comments Off on Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …

21 01, 2025

North Carolina Settles on 15% Increase in HO Rates

By | January 21st, 2025|Uncategorized|Comments Off on North Carolina Settles on 15% Increase in HO Rates

RALEIGH. N.C. (AP) — Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by …

21 01, 2025

Kaplansky Insurance Buys 3 Massachusetts Agencies

By | January 21st, 2025|Uncategorized|Comments Off on Kaplansky Insurance Buys 3 Massachusetts Agencies

Kaplansky Insurance has acquired two central Massachusetts insurance agencies and a third in the western part of the state. The agencies acquired are Buckley Insurance and Mobilio Insurance in Worcester and Pijar Insurance in Holyoke. Buckley Insurance serves clients in …

21 01, 2025

Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork

By | January 21st, 2025|Uncategorized|Comments Off on Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork

ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of …

21 01, 2025

Rainbow Gets $8M Series A Funding to Expand Small Business Offerings

By | January 21st, 2025|Uncategorized|Comments Off on Rainbow Gets $8M Series A Funding to Expand Small Business Offerings

Rainbow, a digitally enabled managing general underwriter based in San Francisco, California, announced raising $8 million in Series A funding led by Zigg Capital. The MGU says the financing, which closed in the fourth quarter of 2024, will accelerate plans …

21 01, 2025

NJ Officials Cleared of Wrongdoing in Menendez Corruption Case

By | January 21st, 2025|Uncategorized|Comments Off on NJ Officials Cleared of Wrongdoing in Menendez Corruption Case

By David Voreacos Jan 17, 2025, 2:56 PM Word Count: 346 (Bloomberg) — The New Jersey attorney general’s office cleared state law enforcement officials of wrongdoing in a corruption case involving former US Senator Robert Menendez, who awaits sentencing after …

21 01, 2025

Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice

By | January 21st, 2025|Uncategorized|Comments Off on Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice

Many drivers feel ready to tackle Pacific Northwest winter weather. A poll shows 59% of Northwest drivers report feeling comfortable driving in snow and ice. PEMCO Mutual Insurance polled Washington and Oregon drivers for their perceptions about their own driving …