An Orleans Parish magistrate found probable cause last week to charge a woman accused of killing her boyfriend in order to cash in on his $1 million life insurance policy. Commissioner Jonathan Friedman kept 37-year-old Kyana Traylor’s bail at $500,000 at a preliminary hearing on July 8, during which New Orleans detective Michael Haynes testified
Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the event, which crippled industries and inconvenienced consumers around the world, could amount to tens of billions of dollars, Reuters reported Friday (July 19). Nir Perry, CEO at cyber insurance risk platform CyberWrite, said
Flooding on Sterling Avenue in Fort Myers Beach in December. File photo Fort Myers Beach Lee County property owners who have flood insurance policies through the National Flood Insurance Program will be able to maintain their 25% discount, FEMA notified the town and county Friday. The City of Cape Coral also
A handful of IPOs priced this past week, led by three sizable names. One large issuer joined both the pipeline and the calendar: Chile-based LATAM Airlines Group (LTM) filed to cross-list in the US, and its offering is expected to raise $533 million in the week ahead. Insurance distributor TWFG (TWFG) priced above
We’re excited to announce that Erin Zimmet, Director of Enterprise Talent Operations & Talent Acquisition, has been featured in the latest Risk & Insurance Magazine article “The Dos“The Dos and Don’ts of Tackling the Insurance Talent Gap.” In the article, Erin shares her insights on how the insurance industry can effectively attract and retain top
Bold Penguin Inc. Wednesday said Ryan Specialty Holdings Inc. will provide capacity to be accessed through the Bold Penguin Terminal quote platform. General liability, property and other coverages will be available with up to $2.5 million in limits in all 50 states and the District of Columbia, Bold Penguin said in a statement. RT Specialty’s
WASHINGTON DC (KOLO) – U.S. Senator Jacky Rosen is pushing the Federal Insurance Office to address the rising cost of homeowners insurance in northern Nevada. Rosen says that as costs associated with wildfires have increased, insurers are raising premiums or dropping coverage altogether in fire-prone areas. “As the Senator for a wildfire-prone Western state, I
This spring I had the privilege of attending the National Propane Gas Association’s 2024 Southeastern Convention & International Propane Expo in Charlotte, North Carolina. Charlotte is the home of NASCAR racing, and they have a museum right across the street from the hotel where I stayed. A quick tour was all the time I could
CHICAGO, July 19, 2024 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of McClements Insurance Services, LLC. Terms of the transaction were not disclosed. With clients throughout Southern, Central and Northern California, McClements Insurance Services, LLC is a commercial insurance agency that specializes
The Indian health insurance industry is set to grow at a compound annual growth rate (CAGR) of 12.8% from ₹1.3 trillion (US$15.1 billion) in 2024 to ₹2.0 trillion ($23.8 billion) in 2028, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData. GlobalData’s Insurance Database reveals that the share of health insurance