Insurance

Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent angel investors. The new company will be called Azur Technology and will focus on the development of digital systems for …

A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique on Saturday — packing winds of as much as 190 kilometers (118 miles) per hour — appears to have smashed …

Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and disclose climate risks. Financial firms will need to release climate-related financial disclosures at least once a year, the guidance from …

During an investor conference last week, Progressive’s leader revealed some subtle wording changes to the company’s purpose and vision. Unchanged, however, are four pillars of Progressive’s strategy, including one pillar labeled “competitive pricing.” “Segmentation is a key facet of our …

Tracy Ryan will join the Allianz Global Corporate & Specialty SE Board of Management as Chief Regions and Markets Officer for North America. She succeeds William (Bill) Scaldaferri who has decided to leave Allianz after 23 years, 11 of which …

Apparently false fears of a shooting at a rap concert in Rochester, New York, sent a crowd surging toward the exits, killing one person and injuring nine others, police said. The injuries at Sunday night’s concert featuring rappers GloRilla and …

Oregon is set to receive more than $420,000 from a settlement with Nexo securities. The North American Securities Administrators Association and the U.S. Securities and Exchange Commission recently announced that a settlement has been reached with Nexo Capital, Inc. as …

Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $25,500 against insurance companies, producers, brokers and individuals who reportedly violated state insurance laws and regulations. Following is a breakdown of who was fined, how much and the reported offense. …

The California Labor Commissioner’s Office cited Feld Care Therapy Inc. in Westlake Village. More than $9 million for misclassifying 1,280 speech, physical and occupational therapists as independent contractors. The part-time workers, who traveled to clients’ homes to provide care, were …

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on proposed changes to DWC Form-022, Request for a required medical examination (RME); DWC Form-031, Request to change payment period or purchase an annuity for death …