Insurance

Florida-based Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company. The new business will take in money from …

Governor Phil Murphy has nominated Justin Zimmerman as commissioner of the New Jersey Department of Banking and Insurance. Zimmerman, who has been with the state agency since 2018, currently serves as acting commissioner and will continue to serve in his …

Former NFL wide receiver Mike Williams was reported to be on life support at a Tampa hospital Thursday after a construction accident. Multiple news outlets reported that Williams, who played for the Tampa Bay Buccaneers and the Buffalo Bills, was …

Koninklijke Philips NA officials have agreed to pay at least $479 million to resolve part of a sprawling litigation tied to a 2021 US recall of millions of machines designed to treat sleep apnea, according to people familiar with the …

Everest Insurance® Division Names Higham Head of Everest Underwriting Partners Everest Group, Ltd. appointed Charlie Higham as senior vice president and head of Everest Underwriting Partners. He succeeds Brian Drum, who retired from Everest on Sept. 1 after 16 years …

The Delaware Supreme Court has broken with its own precedent to rule that a workers’ compensation insurance carrier may assert a lien against benefits an injured employee recovers from other sources. The particular issue before the court was whether an …

CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd. CelsiusPro said the deal will strengthen its global capabilities to offer parametric risk transfer solutions to both private and public sector clients …

Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate threats and geopolitical tensions are making …

ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data. The CRP Standard was …

The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of a Microsoft engineer’s corporate account, Microsoft Corp. said in a blog post on Wednesday. Microsoft said the engineer’s account had …