BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox …
Tucson hired a forester. Miami named a heat officer. And Los Angeles appointed a climate emergency mobilization director. Across the United States, cities have launched new programs focused on dealing with extreme weather, reflecting the growing impacts of climate change …
ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication on disclosure. FINMA’s updated …
Liberty Mutual Insurance has partnered with cyber security rating provider SecurityScorecard to offer complimentary cybersecurity analysis to qualifying clients of its Global Risk Solutions North America and Liberty Specialty Markets units. Through the SecurityScorecard partnership, qualifying policyholders will receive a …
WELLINGTON, New Zealand (AP) – Several hundred people in New Zealand were evacuated from their homes Monday with some recounting dramatic helicopter rescues as heavy rain caused widespread flooding in the Canterbury region. Authorities declared a state of emergency after …
CompWest Insurance has named Ibraheem Mohammed regional manager of business development. Mohammed will be responsible for CompWest’s large account business development, focusing on accounts with annual premiums over $350,000. Mohammed was previously a senior underwriter with The Hartford, and held …
MELBOURNE – Australian and North American units of the world’s largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil’s JBS SA said in a statement. The attack caused its Australian operations …
MONTGOMERY, Ala. — The Alabama Supreme Court sided with Abbott Laboratories on Friday and threw out a lawsuit filed by Mobile County against the company over the opioid epidemic. In an 8-0 opinion in which one justice recused himself, the …
Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals. Toronto-based Intact retains RSA’s Canadian, UK and International entities, while Tryg, which is heaquartered in Ballerup, …
McCOMB, Miss. — A massive fire wrecked a Mississippi city’s train depot and museum, a beloved restored landmark that dates back to McComb’s founding as a railroad town. No cause has been immediately determined for the fire that broke out …