Financial Services Superintendent Maria T. Vullo announced that the Department of Financial Services (DFS) has fined Arch Insurance Company (Arch) and National Union Fire Insurance Company of Pittsburgh, PA (National Union Fire) a combined total of $2.2 million in fines and ordered the insurers to provide a combined $8 million in retroactive rebates for violations of New York Insurance Law.
14 Jan 2019
13 Jan 2019
Berkshire Hathaway Travel Protection (BHTP), a travel insurance provider, has launched a new product WaveCare, which offers travel insurance specifically tailored for the needs of cruise travelers.
09 Jan 2019
Brit Limited, a UK-based specialty insurer and reinsurer, has invested in Sutton Special Risk, a managing general underwriter (MGU), specializing in accident & health business, with more than 40 years of experience as Lloyd’s coverholder.
24 Dec 2018
Bank Nizwa has partnered with Takaful Oman Insurance to provide Sharia-compliant car insurance to its customers across Oman.
19 Dec 2018
A report by the Australian Competition and Consumer Commission (ACCC) revealed that a range of complex issues affecting home, contents and strata insurance markets in northern Australia mean residents and property owners pay much higher premiums than is the case elsewhere in Australia.
14 Dec 2018
Alera Group has acquired Ohio-based employee benefits firm Bailey & Company Benefits Group for an undisclosed term.
06 Dec 2018
Chubb has launched its new Gap Supplement Medical plan, an improved supplemental healthcare insurance product to reimburse consumers for qualifying out-of-pocket expenses not reimbursed by their medical insurance plans.
29 Nov 2018
CVS Health, a US-based drugstore chain operator and healthcare company, has completed its previously announced acquisition of health insurer Aetna for about $70bn.
21 Nov 2018
According to the Association of British Insurers (ABI), motor insurance pay-outs in the UK so far in 2018 have reached a record level with more than £23m being paid every day as per figures released on 20 November at its Motor Conference.
08 Oct 2018
Greenlight Capital Re’s unit Greenlight Re Innovations has invested in Sana Benefits, a third party administrator (TPA) focused on the self-insured health market in the US.