Global insurance broker Aon has agreed to sell its U.S. retirement business to private investment firm Aquiline and its Retiree Health Exchange individual health insurance business to Illinois-based digital services firm Alight for total gross consideration of $1.4 billion. Aon …
Brit Ltd. announced the creation of a marine consortium called “Keel,” which aims to revolutionize the writing of marine war and breach call risks. Keel offers up to $152.2 million of capacity per risk and provides instant quotes that are …
Legislation that would spend $220 million in part to shore up highways, rivers and coastal areas prone to flooding so that North Carolina can better withstand the next big storm cleared a House committee on Tuesday. Some environmental groups also …
West Virginia Gov. Jim Justice confirmed on Tuesday that he is personally liable for $700 million in loans taken by his coal companies from a lender in the United Kingdom that went bankrupt. The Republican governor took shots at the …
Hawaii is creating an emergency evacuation plan for the Big Island in preparation for the next eruption of the largest active volcano on Earth. A state Senate resolution adopted in March asks the state’s emergency management division to develop evacuation …
Berkshire Hathaway Specialty Insurance (BHSI) announced that it is providing qualifying private and nonprofit fidelity and crime insurance customers with complimentary access to the BHSI Social Engineering Prevention Program (SEPP). The SEPP is provided in partnership with the security firm …
A Georgia police officer did not violate federal computer fraud law when he used his patrol car computer to access information on a license plate in exchange for money, even though his action violated his department’s policy against obtaining database …
Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but U.S. insurers rank the lowest, according to report published by nonprofit ShareAction. ShareAction gives the lowest mark – an …
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Westfield Specialty Insurance Co. (Westfield Specialty), a newly added member of Westfield Group (Westfield). All members …
Louisiana lawmakers unanimously voted to toughen the rules for how colleges must respond to allegations of sexual assault, harassment and other misconduct. But the House and Senate have to agree on a final approach before a bill can reach the …