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Aon PLC unit White Rock Insurance (SAC) Ltd. Tuesday sued China Construction Bank Corp., alleging a former bank staff member colluded with reinsurance intermediary Vesttoo Ltd. in a “multi-billion-dollar” fraud against insurance companies. White Rock, a Bermuda-based segregated account company involved in reinsurance transactions between cedents and Tel Aviv, Israel-based Vesttoo, alleges that cedents paid
News Let crop insurance agent know about silage plans A product analyst with Country Financial says farmers planning to chop corn silage need to first have a conversation with their crop insurance agent. Brian Davis tells Brownfield… “Farmers who are going to chop silage, call your agent and get that notification sent to them.” He
By Jonathan Saul and Mohammed Ghobari LONDON/ADEN (Reuters) – The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for trade route, industry sources said on Wednesday. Iran-aligned Houthi militants first launched aerial drone and
Alabama doctors and patients frustrated with delays in care caused by insurance companies’ prior authorization process now have a new way to share their stories and promote change. A new online platform — www.ALFixPriorAuth.com — invites Alabamians to share their experiences with prior authorization problems. The website and the initiative behind it to encourage faster insurance approvals
Producers can quote and bind Markel’s products via SageSure’s proprietary platform. Credit: T. Schneider/Shutterstock. SageSure, a managing general underwriter for catastrophe-exposed markets, has joined forces with specialty insurer Markel. The collaboration will see SageSure distribute Markel’s insurance products via SageSure Expanded Markets. Initially, Markel’s specialty products will be offered in Louisiana, South Carolina and Texas, with additional
Liva Insurance Company, KSA (formerly Al Alamiya for Cooperative Insurance) and Malath Cooperative Insurance Company have signed a non-binding Memorandum of Understanding for a potential merger. The completion of this merger will enable Liva KSA, a subsidiary of Liva Group, to assert its presence in Saudi Arabia. Khalid Al Zubair, Chairman of Liva Group, considers
Root, Inc., a technology firm specialising in insurance solutions and the parent company of Root Insurance Company, and Goosehead Insurance, Inc., an expanding independent personal lines insurance agency, have announced a new technology integration partnership that is transforming the agent experience. This collaboration represents a significant advance toward their shared goal of improving the insurance
SAN FRANCISCO (KGO) — It’s another blow to homeowners across the state. Liberty Mutual fire insurance company is the latest company ending fire insurance in California. About 17,000 California policy holders will not have their “dwelling fire insurance” renewed. Those changes started last fall and will run thru November. Dwelling fire insurance covers fire damage
The number of Montanans enrolled in federally subsidized health insurance plans over the past four years increased by about 50%, or about 22,000 people. That’s according to KFF, a nonpartisan health policy research group. The growth is attributed to enhanced subsidies during the pandemic. But those are set to expire at the end of next