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Category: Insurance

Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into this new class of business, Descartes has hired Read more…


Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for Read more…


People Moves: QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring; Liberty Global Transaction Solutions Appoints Leaders in London, Europe

This edition of International People Moves details appointments at QBE Re and Liberty Global Transaction Solutions. A summary of these new hires follows here. QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring QBE Re has Read more…


AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market

Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was formerly CEO Read more…


Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find

Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. Read more…


Northeast Cities Ranked Riskiest in National Allstate Driving Report

The five U.S. cities with the riskiest drivers are all located in the Northeast, according to Allstate’s 2025 America’s Best Drivers Report. The insurer listed Boston as the city where drivers were most likely to experience a collision, followed by Read more…


Texas Agencies Missed Opportunities to Fund Flood Warning System

Over the last decade, an array of Texas state and local agencies missed opportunities to fund a flood warning system intended to avert a disaster like the one that killed dozens of young campers and scores of others in Kerr Read more…


When a Disabled Employee Who Undermines Process of Accommodation Is Fired

A hospital lab employee who was fired for refusing to be vaccinated against COVID-19 has lost her claim that she suffered discrimination because her employer failed to accommodate her disability under the Americans with Disabilities Act (ADA). The Fourth Circuit Read more…


People Moves: Lawley Names 4 Professionals to Northeast Offices

Insurance agency Lawley, headquartered in Buffalo, New York, named several new professionals across the agency. Anto Almasian is a new surety executive in the Buffalo office. He has expertise in managing a diverse portfolio of clients and an understanding of Read more…


Washington Insurance Commissioner’s Office Recovered $100M for Consumers Over Two Years

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2025 with a reported Read more…