Industry News
Former SCOR CEO Kessler Has Died at 71
Denis Kessler, non-executive chairman of SCOR and the reinsurer's former chief executive, died Friday at the age of 71, the company said. Kessler joined SCOR as chairman and chief executive officer ...
Branch CEO Lekas Announces Layoffs, Citing Inflation, Loss Costs
Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by Co-Founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited ...
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud
A new survey reveals Americans' tolerance for insurance fraud — and the findings might be surprising. Americans aged 45 and younger show a high level of tolerance for insurance fraud. The ...
SageSure Secures $250M in Equity Financing from Amwins, Flexpoint
SageSure, an independent managing general underwriter focused on providing catastrophe-exposed property insurance, announced the close of a $250 million equity investment led by Amwins and Flexpoint ...
Tech Bytes: New Partnerships at Cowbell, Sapiens, Stillwater
Cowbell, a provider of cyber insurance for small and medium-sized enterprises, and Skyward Specialty Insurance Group Inc., a player in the specialty property/casualty market, announced a partnership ...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuit
A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder ...
What to Know About the Wildfire Smoke Drifting Into the U.S.
Millions of Americans woke up to apocalyptic, orange skies Wednesday as thick smoke from wildfires in Canada moved across the U.S. Northeast, spawning air quality warnings from Massachusetts to ...
Reduced Drought Severity Lessening Chances for Grim Wildfire Season
The U.S. experienced a below normal number of fires and acres burned this year, according to a national agency tasked with monitoring fire activity in the nation. Above-normal winter precipitation ...