Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire. The additional funds have about $1.2 billion …
Specialist insurer Hiscox announced the appointment of Isha Patel to head of Direct Commercial within Hiscox UK. Patel joined Hiscox in 2013 and since then her experience has spanned operations, finance and sales with roles in both the Hiscox Retail …
JAG Insurance Group (JAG), a South Florida-based commercial insurance agency with Florida offices in Coral Gables and Delray Beach, as well as Charlotte, N.C., has added Andy Fajardo as director of Marine Insurance. As a commercial lines coverage specialist (CLCS), …
The Alabama House of Representatives began a lengthy review of medical marijuana legislation on Wednesday, requiring the bill to go through two committees before it can secure a vote by the full House. The Alabama Senate approved the bill by …
Joe Biden’s election as President of the United States and the Democrats’ reclamation of control of the U.S. Senate may well have far-reaching effects on the U.S. cannabis industry, including, but not limited to, ultimately impacting what insurance coverage is …
The wave of COVID-19 claims that hit the California workers’ compensation system at the end of 2020 has subsided for the time being as the number of claims reported to the state Division of Workers’ Compensation for February fell to …
Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction were not disclosed. Located in Newtown Square, Pennsylvania, DTI is a full-service insurance agency providing clients with commercial and personal insurance. …
The mother of a high school football player who died in New York after a 400-pound log fell on him during a military-style training drill has settled her lawsuit over the teen’s death for a seven-figure sum, according to her …
DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further expansion. DARAG purchased SunPoint from Fosun International for …
As the country hits the one-year mark of the arrival of COVID-19, auto insurance industry trends are beginning to show a return to the pre-pandemic baseline, which will further intensify the ongoing customer acquisition war. As consumers hunkered down under …