Citing a flood of new policies entering Citizens Property Insurance Corp. and a growing disparity between its rates and rising rates of private insurance companies, the board of Florida’s insurer of last resort voted unanimously to postpone final action on …
Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding …
Marshall & Sterling Insurance, a 100% employee-owned company, has entered into an agreement to acquire Jaeger & Flynn Associates Inc. (JFA), an employee benefits broker and third-party administrative services (TPA) provider in New York’s greater capital region. This acquisition will …
The Hilb Group LLC (THG) has acquired New York-based Moran, Moran, & Dauphin Inc. (MMDI). The transaction became effective on November 1, 2020. Founded in 2006, MMDI operates as a full-service agency primarily providing property/casualty insurance products mostly for personal …
JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was liable pay a Cape Town cafe’s rejected coronavirus claim. Like other insurers in South Africa and around the world, Guardrisk, …
The European Union’s capital rules for insurers need changing to reflect low interest rates and the need stronger supervisory powers to tackle risks, the bloc’s insurance watchdog said on Thursday. The EU is reviewing its Solvency II capital requirements for …
Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint. The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, …
The first days of Pfizer Inc.’s COVID-19 vaccine rollout have seen unexpected hitches including some vaccines being stored at excessively cold temperatures and Pfizer reporting potential challenges in its vaccine production, U.S. officials said on a Wednesday press call. At …
Since 2003, insurance rates in the Texas workers’ compensation system have dropped by nearly 72 percent, according to a new study released by a research group within the state’s insurance department. In 2003, the Texas workers’ compensation system was in …
The Equal Employment Opportunity Commission (EEOC) has released updated guidance on the responsibilities and rights of employers and employees related to the COVID-19 vaccine, including in cases where employers require employees to be vaccinated. The publication, “What You Should Know …