It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the second-largest property insurer in the state with …
CRC Specialty, an independent wholesale specialty insurance distributor, named two new brokers in its Southeast operations. Ron Bussey will be a senior broker based in Nashville, focused on casualty insurance placements for large and middle-market clients, the company said in …
Specialty managing general underwriter Risksmith Insurance Services announced the launch of its new difference in conditions (DIC) earthquake insurance program. Built for large, complex and true excess & surplus property exposures, the program offers flexibility, deep technical expertise and underwriting …
Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat …
The bosses of some of Britain’s biggest companies predict a fresh wave of challenges next year, as they absorb the impact Chancellor of the Exchequer Rachel Reeves’ tax-raising budget in November. Chief executive officers in sectors including finance, housing, gambling …
A former chief executive officer of a statistical agent that compiles data from insurance companies for state insurance departments has been sentenced on charges related to her theft of millions of dollars from the organization. According to court records out …
When recruits were repeatedly punched and tackled during a role-playing exercise at the Texas game wardens academy last year, they were taking part in a longstanding police training tradition that critics say should be retired. By the end of the …
A luxury carwash in Southern California must pay a a $1.2 million settlement for wage theft and labor law violations. The California Labor Commissioner’s Office secured the settlement with Newport Auto Spa Inc., doing business as The Car Spa, a …
A suspected cyberattack disrupted services provided by French postal service La Poste on Monday, delaying package deliveries and online payment systems during the holiday season. The company said in a statement that a “major network incident” had disrupted its information …
Honeywell on Monday said it expects to record a one-time charge of about $470 million in the fourth quarter related to a potential settlement of Flexjet-linked litigation, sending its shares down 1.3% in premarket trading. Private aviation company Flexjet sued …