American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …
This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Chubb. A summary of these new hires follows here. Muñiz Named GC&C’s Head of Construction & Green Energy Generali Global Corporate & …
Insurer QBE has filed a lawsuit alleging a poaching scheme by a number of its former aviation division employees and specialty insurer Applied Underwriters. QBE’s complaint involves the resignation of a total of 13 employees in Atlanta, New York and …
Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs, restaurants and bakery chains over lockdown losses, starts hitting London’s courts next week. Zurich, MS Amlin, Liberty Mutual, Allianz and …
Indiana Rep. Jim Baird has introduced a bill to reduce catalytic converter thefts by marking identifying information on catalytic converters, addressing how the parts are purchased, and strengthening enforceability of catalytic converter theft for local law enforcement officers, his office …
The weekend storm that brought rain and snow to much of New Jersey also caused significant erosion to a Jersey Shore beach that was already in the process of being widened. Now, federal and state officials are trying to determine …
Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …
Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an additional seven programs from …
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in Chicago’s Loop, a 10-story office …
Gov. Ned Lamont and Connecticut’s health care exchange announced plans Wednesday to launch a training program for licensed independent insurance brokers in the state’s three largest cities. James Michel, the chief executive of Access Health CT, said once these brokers …