There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims management platform insurtech, raised $30 million in new …
A former postal employee has been sentenced to serve three years on probation for workers’ compensation fraud. Christine O’Neill, 61, of Johnson City, New York, was sentenced by Senior United States District Judge Thomas J. McAvoy for defrauding the U.S. …
Element Risk Management has acquired Henderson Insurance of Harrisburg, Pennsylvania, and Our Legacy Insurance of Front Royal, Virginia. Henderson Insurance, founded by Jim Henderson in 1978, has served the central Pennsylvania community for more than 40 years. The Henderson staff …
RSA has named appointments for chair and CFO of its UK and International business entities, following the completion of Intact Financial Corp.’s proposed takeover. Mark Hodges, former CEO of Aviva’s UK business and former CEO of British Gas, will take …
Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business a year, according to a Reuters analysis of campaign contributions, …
U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well. A National Association of Insurance Commissioners (NAIC) committee is …
The University of Southern California on Thursday announced a settlement for $852 million, bringing the total to $1.1 billion going to the former patients of a campus gynecologist accused sexually abusing hundreds of patients. The $1.1 billion sum is a …
Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of Professional Liability Insurance at its U.S. managing general agency, Hamilton Managing General Agency Americas. In this newly-created role, Secor has …
BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe’s biggest insurer also found that each week …
Fort Worth, Texas-based Higginbotham has partnered with First Louisiana Insurance, an independent agency located in Baton Rouge, Louisiana, to establish its second office in that state. First Louisiana Insurance provides commercial and personal insurance services in the Gulf Coast region. …