A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to 24 months or stop the state’s out-of-control …
Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance Rebellion, is demanding the UK government …
A lawsuit filed over a dock fire that killed eight people at a county marina in north Alabama last year contends officials failed to ensure the safety of the structure. The wrongful death suit names Jackson County commissioners at the …
A notorious Russia-linked hacking group is behind the cyber attack against JBS SA, according to four people familiar with the assault who were not authorized to speak publicly on the matter. The cyber gang goes by the name REvil or …
Florida-based SUNZ Insurance Co. is now licensed to write workers’ compensation policies in 13 additional states: Hawaii, Iowa, Nevada, New Hampshire, New Mexico, South Carolina, South Dakota, Utah, Vermont, Virginia, West Virginia and Wisconsin. With the addition of these states, …
SAO PAULO – New management at Brazil’s state-controlled Banco do Brasil SA plans to replace the chief executive of insurance holding BB Seguridade Participacoes SA, Brazilian newspaper Valor Economico reported on Tuesday. Current CEO Marcio Hamilton is expected to be …
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 …