Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a different approach to insurance for financial institutions, offering …

The US Department of Defense entered an agreement with Valisure, an independent lab that’s spotted dangerous chemicals in a variety of widely used pharma and consumer products, to test medications amid surging concerns about generic drug quality and shortages. Under …

Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been sufficiently severe. The catastrophe, or cat bonds, represent money …

A wildfire erupted in Maui on Wednesday fueled by strong winds from Hurricane Dora, destroying homes and businesses in a tourist town and forcing some residents to jump into the ocean to escape the flames. The Associated Press is reporting …

Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Speck Insurance and Financial Services. Terms were not disclosed. The acquisition includes all operations of Speck Insurance and Financial Services, a personal and …

North Carolina’s insurance commissioner has negotiated a smaller increase on auto insurance rates than the state’s rating agency had requested. The North Carolina Rate Bureau in February requested an average increase of 28.4% for private passenger auto insurance and a …

CMS Energy Corp’s unit Consumers Energy said on Wednesday it will explore the sale of its 13 hydroelectric dams, as the energy provider looks to minimize the cost burden on customers. The utility service provides natural gas and electricity to …

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US …

The Delaware Department of Insurance is not forcing insurers to raise premiums, and anyone who says otherwise could lose their license and face fines of $10,000, the department warned in a bulletin this week. “The department continues to regularly receive …

U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade …

Divers working missing persons’ cold cases have found 32 cars submerged in a lake near Miami, prompting questions about the vehicles’ connection to crimes. Multiple news outlets reported that the cars were found in murky lake in Doral, near the …

Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance Association …