Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change …
PARIS – Eramet has identified a potential 45 million euro ($50.8 million) financial fraud within its group treasury operations, the French mining company said on Tuesday. “Eramet will file a criminal complaint with the authorities and has taken immediate disciplinary …
A Florida man has been sentenced to five years in prison for setting fires behind the same Tampa Bay-area grocery store three days in a row starting on Christmas last year. Robert Timon Lovett, 50, of Bradenton, was sentenced Monday …
Solicitation by roofers may be a problem in many states, but in Georgia, authorities are now searching for a man who offered to inspect a home’s roof after a storm then deliberately damaged more than 200 shingles. The Georgia Insurance …
Nephila, the Bermuda-based insurance-linked securities manager, has funded its newly launched Syndicate 2358, with capital provided through London Bridge Risk PCC (LBR PCC), a Lloyd’s-sponsored protected cell company. The new transaction provides reinsurance capital from a diverse group of investors, …
Stewart Information Services Corp. reported it has acquired firms in the Midwest and Florida as it continues to gain scale. Stewart has acquired Greater Illinois Title Co., which is headquartered in Chicago, and operates Greater Illinois Title, Greater Indiana Title, …
The resilience of America’s critical infrastructure networks has been tested over the last year by a number of serious disasters – both natural and manmade — including winter storms shutting down electrical grids in Texas and the ransomware attacks on …
The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The three new chapters join these 18 existing and pending chapters: Atlanta, Boston, Chicago, Cleveland, Columbus, Dallas-Fort Worth, Detroit, Florida (Tallahassee), …
California Attorney General Rob Bonta filed a statewide lawsuit against Walmart for the illegal disposal of hazardous waste. Bonta was joined by the California Department of Toxic Substances Control and 12 district attorneys. The suit alleges that over the past …
Over a month has passed since flooding inundated northwest Washington’s Whatcom County that caused some $50 million in damage. As Roger De Bruin returned to his flood-damaged home in Sumas recently, the word devastation came to his mind, KING-TV reported. …