In mid-February, when a severe cold front came down from the North Pole and swept across the nation and record snowfall and low temperatures froze society in its tracks, insurance professionals were ready to lend a helping hand. The temperature …
Global investment firm KKR is acquiring a majority interest in Integrated Specialty Coverages (ISC) Carlsbad, Calif.-based multi-line insurance distributor that utilizes advanced artificial intelligence (AI) engineering and data analytics to build its products. Sightway Capital, a Two Sigma private equity …
The city of La Crosse, Wisconsin, has filed a lawsuit against a host of chemical manufacturers that produced firefighting foam linked to groundwater contamination around the city’s airport. Tests have revealed at least 40 wells around the airport on French …
Concerned about data privacy and data manipulation, the Oklahoma House of Representatives has passed an opt-in data privacy bill with a bipartisan vote of 85 to 11. The Oklahoma Computer Data Privacy Act, House Bill 1602, requires internet technology companies …
Peoria, Illinois-based specialty insurer serving niche property, casualty and surety markets, RLI Corp., has promoted or named several leaders to new roles. Kevin Horwitz, vice president, Claim, has assumed the role of vice president, Innovation Management and Policy Development, a …
M.J. Hall & Co. has introduced an admitted cannabis insurance product in Arizona. March 8 is the effective date for the Cannabis Businessowners Policy (CannaBOP) in Arizona, which the wholesale insurance brokerage company said is the first such insurance coverage …
The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will acquires HOA and all related subsidiaries. The transaction, which …
Fifty people are suing a Wisconsin city over the way it handled protests last fall after authorities announced that a police officer would face no charges for the fatal shooting of a Black teenager. Protesters demonstrated in Wauwatosa in October …
Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Mike Knotts, an insurance agency owner and broker in Bossier City, Louisiana, to establish its first brick-and-mortar in the state. Knotts, who opened his first agency in …
The majority of National Flood Insurance Program claims in Louisiana stemming from Hurricane Laura, which hit the state in August 2020, have been closed. FEMA says the NFIP has closed 87% of the 1,227 claims submitted and paid more than …