The Florida Peninsula Insurance family of companies announces the retirement of their chief financial officer, Francis L. Lattanzio. Lattanzio is a co-founder of Florida Peninsula Insurance Co. and has served as CFO since its inception in 2005. Effective immediately, Lattanzio …
If you live in Florida, you should probably be paying more for flood insurance. And you likely will be soon. That first finding is the conclusion of a new analysis by First Street Foundation, a nonprofit research group focused on …
LONDON – Britain’s cyber security body urged organizations to install the latest Microsoft updates as a matter of urgency on Friday, after the company became aware of flaws that make email servers vulnerable. “We are working closely with industry and …
AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive Officer Rolf Martin Schmitz to …
BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country’s overall tightening of financial technology regulations. The rules, the first of their kind released publicly …
OKUMA, Japan – A decade ago, a massive tsunami crashed into the Fukushima Daiichi nuclear power plant. Three of its reactors melted down, leaving it looking like a bombed-out factory. Emergency workers risked their lives trying to keep one of …
Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four people familiar with …
Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the previous year. These preliminary results are from a new …
An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek recovery from two students whose negligence started the blaze, the New Hampshire Supreme Court decided. The high court ruled 3-0 …
The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president of the Eastern region. In this role, Funk will oversee the underwriting and marketing team for East coast states stretching …