18 07, 2019

Hamilton Appoints Krishnamoorthy to Newly Created Role of Chief Technology Officer

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Hamilton Insurance Group Ltd. announced that Venkat Krishnamoorthy has been appointed to the newly established position of chief technology officer. Reporting to Group CEO Pina Albo, Krishnamoorthy will be responsible for the ongoing development of the company’s data-driven technology strategy …

18 07, 2019

Specialty Insurer ProSight Hopes to Raise $140 Million with IPO

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ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million. The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares of common stock. Broken down, ProSight is selling …

18 07, 2019

No Workers’ Compensation Loss History? No Problem, Says Valen Analytics

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Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the property/casualty insurance industry. Valen has released the latest in …

18 07, 2019

New Jersey Man Charged in Murders Facing Insurance Fraud Charge

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A New Jersey man charged with killing his brother and the brother’s wife and two children is facing a new charge of insurance fraud. The Monmouth County Prosecutor’s Office refused to give any details of the latest charge against Paul …

18 07, 2019

Pennsylvania’s Harvey Insurance Group Rebrands as AssetSure

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Harvey Insurance Group LLC (HIG), a West Chester, Penn.-based independent insurance agency, has changed its name and brand to AssetSure to more accurately reflect the company’s expertise in protecting the financial well-being of clients through alliances with financial advisors and …

18 07, 2019

Teen Boy Dies After Accidental Fall During Pennsylvania YMCA Camping Trip

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Authorities say a 15-year-old boy attending a teen wilderness camp in western Pennsylvania has died after he was injured during an outing. But it’s not yet known how the accident occurred. Authorities say the teen fell Monday and was flown …

18 07, 2019

Cellphones Still a Flight Danger on Some Boeing Jets

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U.S. government officials in 2014 revealed an alarming safety issue: Passenger cellphones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes. More than 1,300 jets registered in the U.S. …

18 07, 2019

Government Data Shows How Opioid Epidemic Spread Across America

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Newly released federal data shows how drugmakers and distributors increased shipments of opioid painkillers across the U.S. as the nation’s addiction crisis accelerated from 2006 to 2012. The data, released this week by a federal court in Ohio as part …

18 07, 2019

Legacy Acquirer DARAG Purchases Book of Run-Off Business from UK’s One Re

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DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into agreement to buy a book of run-off business from One Re Ltd., a London-based non-life reinsurance company. The transaction will be conducted through DARAG’s German risk carrier, DARAG …

18 07, 2019

Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ

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Charles Schwab Corp. is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The deal, which could bring Schwab roughly $100 billion …