Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November 1, bolstering its presence in the Mid-Atlantic region. Prosper has more than 100 employees and serves Virginia, Tennessee, North Carolina, …

RALEIGH, N.C. (AP) — A panel of judges on Wednesday blocked changes for now that were made by North Carolina`s Republican-controlled legislature to three state boards, attempts opponents criticized as a partisan bid to end Democratic Gov. Roy Cooper’s control …

Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of the truck that crashed into him. Now, Willoughby’s counsel …

State authorities have announced charges against a company over a natural gas explosion that leveled a house and injured a western Pennsylvania family five years ago. Attorney General Michelle Henry said Wednesday that the criminal complaint alleges methane gas in …

HDI Global SE has received regulatory approval to open a branch in Lisbon, Portugal. HDI Global has been operating in the Portuguese market for more than two decades under the European Union’s freedom of services. The new branch office in …

The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This transaction accelerates our access to cutting-edge cyber capabilities that …

FTX founder Sam Bankman-Fried was found guilty Oct. 2 of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member …

Jensten, the London-based independent insurance broking group, has now completed the acquisition of East Anglia, England-based One Broker Group, following approval from the UK regulator. Its largest acquisition to date, the deal provides Jensten with a significant new regional centre …

Insurance companies in Switzerland are set to repay billions in mostly discounted old-style bonds over the next decade as changes to the country’s capital rules take effect next year. There are nearly $20 billion of subordinated notes that Swiss insurers …

Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not disclosed. Through the acquisition, Neilson Laurence & Neil will fully integrate …

Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change. That’s the unpalatable conclusion reached by scientists poring over the …

The Department of Treasury’s Federal Insurance Office finalized its proposed Climate-Related Financial Risk Data Collection. The FIO in June released a report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, calling state regulatory efforts fragmented and limited. …