More than three weeks after Hurricane Zeta barreled across the Southeast and left destruction in its wake, Alabama is still waiting on a federal disaster declaration and the emergency relief that comes with it, according to state and federal agencies. …
West Virginia officials announced a $101.3 million settlement last month in an antitrust suit against 11 asphalt and paving companies the state accused of cornering the market and driving up project costs. “We’re ending sweetheart deals all across West Virginia,” …
Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month. “We’ll make a series of recommendations for how the government, public bodies and …
Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets on Friday despite the coronavirus pandemic that has pressured the industry. The reinsurer has swung to a loss in the …
The European Union warned that the UK hasn’t moved sufficiently to overcome the three main obstacles to a post-Brexit trade deal as three of the bloc’s leaders called for contingency plans to be stepped up in case one isn’t reached. …
JOHANNESBURG – Santam on Friday it will appeal against a court ruling that found South Africa’s largest non-life insurer liable to pay a client’s claim related to the coronavirus lockdown. Like insurers around the world, Santam has been battling with …
Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co., a Pennsylvania insurance company, and Allegheny Surety Agency, the …
Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink Interruption,” the product aims to cut average business interruption claims processing …
Berkshire Hathaway Specialty Insurance (BHSI) announced a pair of promotions in its Executive & Professional Lines Claims group, naming Shelby Rootenberg as senior vice president, head of U.S. Commercial Lines (Public) and Financial Institutions Claims, and Megan Scully as senior …
Property/casualty specialty insurer RLI Corp. said current CEO Jonathan Michael is retiring at the end of 2021, and RLI Insurance President and Chief Operating Officer Craig Kliethermes will succeed him. Michael’s official retirement day is Dec. 31, 2021, which will …