Industry News
Florida Senate Committee Approves Tort-Reform Bill, but Changes Are Possible
A Florida bill that aims to further limit injury and insurance litigation and attorney fees passed a state Senate committee Tuesday after heavy debate – but with few ...
Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX
Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the ...
Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research
There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the surface of the ocean, and many of them got there after 2004, ...
New Reinsurance Brokerage, ReFlex Solutions, Launches in Bermuda
ReFlex Solutions Ltd., a new independent reinsurance brokerage, has launched in Bermuda with near-term plans for expansion into London and the U.S.
A New York federal judge has refused to lower the curtain on a COVID-19 business loss claim by the owner of five Broadway theaters because the entertainment insurance ... Connecticut lawmakers are considering imposing a surcharge on insurers' premiums from the fossil fuel industry. The proposal (SB-1115) ... Allianz Global Corporate & Specialty SE announced that Tracy Ryan has joined its board of management as chief regions and markets officer for North America. She ... Swiss Re has closed a $700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon an ... UK-based InsurTech Azur Group has agreed to sell its technology services business to its senior managers, backed by prominent angel investors. The new company will be ...
Show Must Go On for Broadway Theaters’ COVID Loss Claim, Federal Judge Rules
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Executives on the Move at Allianz, Sompo International, Greenlight and Mercury General
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market
UK InsurTech Azur Group Sells Tech Services Unit to Senior Managers, Creating New Firm