In his State of the State address on Feb. 2, Texas Gov. Greg Abbott advocated liability protections for businesses faced with lawsuits related to the coronavirus pandemic. In his prepared remarks, Abbott said business owners “have gone above and beyond …
Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group. In this newly created role, Flaquet will be responsible for overseeing the …
Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history. In the midst of the pandemic, Renaissance added 33 new …
The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. Lev …
Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own data. Tenefit’s DisasterAWARE Enterprise™ solution is a global risk …
Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up 52% to $2.6 billion for the quarter compared to net income of $1.7 billion in the same quarter in 2019. …
Owners of a solar energy farm in Massachusetts have reached a settlement with the state’s attorney general’s office to remediate a large tract of wetlands and riverfront damaged during construction of the site in 2018. Dynamic Energy Solutions agreed to …
A construction worker was killed when the excavator he was operating fell into a waterway, leaving him trapped him inside the equipment, authorities said. The man was part of a crew working at a site in Linden, New Jersey, when …
The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on cyber insurance in …
Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185 million, Mosaic is founded by insurance industry veteran Mitch Blaser, …