Category: Insurance

June 30, 2022

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree theft. […]

June 24, 2022

New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal data belonging to its customers, including New York consumers. […]

June 10, 2022

State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people familiar with the matter told Reuters. Insurance is essential for maritime transport, […]

June 9, 2022

Columbus, Ohio-based auto and home insurer Branch reported a $147 million Series C funding, which it says brings its valuation to $1.05 billion. Branch, launched in 2019, is a full-stack insurance company that uses data, technology, and automation to make […]

June 2, 2022

The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a move that […]

May 25, 2022

A Florida House committee and the state Senate wasted little time Tuesday in approving sweeping property insurance bills, leaving only the full House of Representatives to cement the changes on Wednesday, which would likely ending the special session two days […]

May 24, 2022

Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana Department of Insurance (LDI) received 21,143 complaints in the calendar […]

May 18, 2022

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and […]

April 29, 2022

Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in Louisiana through March 31. This data is the second measure of damage from Hurricane Ida, which struck the state on August […]

April 6, 2022

South Carolina authorities have charged 17 people in what’s being called a major insurance fraud ring that staged vehicle collisions and filed false claims over a one-year period. The alleged fraud took place from August 2020 through October 2021 and […]