Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed …
As the InsurTech industry approaches the next wave of innovation, experts say this could mean navigating rough waters. “I believe what you’re going to see is that you’re going to have Insurtechs, the cream of the crop, are going to …
Three Florida legislators will hold a town hall-type meeting Thursday to gain input from residents ahead of the special session called to examine the state’s property insurance issues. The gathering in Melbourne City Hall, starting at 6 p.m., was organized …
It’s not just homeowners insurance costs that are high in Florida. A new report shows that Floridians continue to pay some of the largest auto coverage premiums in the country. The BankRate 2022 report shows that the average auto premium …
Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida. Terms of the deal were not announced. ICCF was founded by Frank Hanrahan, its …
Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading platform dedicated to the oldest specialty class in the London market. This new initiative launched as a proof of concept in 2019 for …
Many homes near America’s largest wildfire survived the latest barrage of howling winds and erratic flames but New Mexico’s governor said Tuesday the risk of more destruction is high and that the long-term costs of recovering from the massive blaze …
Commercial insurance market Lloyd’s of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of climate protests. Since Lloyd’s sent out invitations for the …
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be “viewed as a possible aberration rather than a the start of a trend,” according to a new report from AM …
Major League Baseball said it’s settling a complaint by minor league players about “poverty” wages, avoiding a trial with hundreds of millions of dollars at stake that could have tarnished the league’s reputation. Lawyers for both sides in the long-running …