Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone Ridge is supporting the transfer with …
As his life unraveled over the past two years, disgraced South Carolina attorney Alex Murdaugh didn’t fight giving up his law license and said he made plenty of mistakes tied to missing client money and a financial mess that led …
New Hampshire is the only state that allows adults to drive without wearing seatbelts. Want to use your dog instead? Go for it, for now. While the state currently has no lapdog-related laws, the Legislature is considering a bill that …
When gunshots at two electrical substations cut power to thousands of central North Carolina homes for several days in early December, Republican state Rep. Ben Moss watched his vibrant district full of family farms, small businesses and sprawling golf courses …
Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate the pace of our innovation …
Nevada marijuana regulators have issued a health and safety advisory about widely available legal cannabis products produced in the Las Vegas area during the last 16 months using plants treated with an unapproved pesticide. The Nevada Cannabis Compliance Board bulletin …
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the quote rate for auto insurance in the fourth quarter 2022 was …
Consumer Reports on Monday urged four chocolate producers to commit by Valentine’s Day to reduce the amounts of lead and cadmium in their dark chocolate products, after testing revealed harmful levels of the heavy metals. In letters to Hershey Co., …
Louisiana Gov. John Bel Edwards called for a special session Sunday to address appropriate funds to the Insure Louisiana Incentive Fund, a fund created by lawmakers last year to attract more insurance companies to the state. Edwards said the special …
The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall two years ago shook the German …