Underwriting
Florida Personal Lines Insurer Ordered Into Receivership
Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable ...
Blame Game Escalates as UK Argues Brexit Deal is Near Impossible
The blame game over the likely failure to reach a Brexit deal escalated, with the U.K. accusing German Chancellor Angela Merkel of making an agreement effectively impossible. The pound fell. ...
Southwest Pilots Sue Boeing Over ‘Rush’ to Sell Unsafe Max Planes
The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed ...
B3i’s Blockchain-Powered Insurance Network Gets Closer to Solving Some Industry Problems
The author Douglas Adams once said, "We are stuck with technology when what we really want is just stuff that works." Many of us can relate, especially with new technology such as distributed ledger ...
Cat and Dogs Focus of Marsh, Zurich North America’s New Pet Insurance Program
Marsh and Zurich North America have begun a pet insurance program targeted to cats and dogs in the United States. Known as TrustedPals, the companies bill the effort as a "next generation pet ...
UK’s Johnson Beats Back Scottish Push for Further Brexit Obligations
A Scottish judge refused to put further obligations on U.K. Prime Minister Boris Johnson, saying that his "unequivocal assurances" to seek an extension to the Brexit deadline were sufficient. "There ...
Liabilities Swell in $440B Danish Pension Market
Back in 2012, the world's best-managed pension market was thrown a lifeline by the Danish government to help contain liabilities. That was when interest rates were still positive. Seven years later, ...
Next Insurance Pulls in $250M Financing from Partner Munich Re
InsurTech startup Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its ...