INSURANCE NEWS
Digital MGA Honeycomb Insurance Launches in Oregon
Digital MGA Honeycomb Insurance has begun writing policies in Oregon. The launch is Honeycomb’s 21st state in a national expansion. Honeycomb touts its rapid quoting for individual properties and that agents in states supported by Honeycomb can submit full schedules …
Chinese Insure Owner to Sell NYC’s Waldorf Astoria After Acclaimed Renovation
The Waldorf Astoria hotel on Manhattan’s Park Avenue is coming up for sale following an extensive renovation. Real estate investment bank Eastdil Secured is expected to bring the hotel to market on behalf of the hotel’s Chinese owners, according to …
Markets/Coverages: Re/Insurer Canopius Launches Natural Resources Team
Canopius, the international specialty and property/casualty re/insurer, has announced the creation of its consolidated Natural Resources team in response to market demand. The team encompasses energy, heavy industry and construction to better reflect how brokers in these classes allocate business. …
Portugal Deadly Floods Force Evacuations, Collapse Main Highway
Thousands of people fled their homes in central Portugal after rising waters burst through the banks of the Mondego River, flooding roads, collapsing critical infrastructure and leaving vast areas of farmland under water. At least 3,000 people were evacuated in …
AXIAN Bets on Insurance to Deepen Risk Underwriting in Africa
AXIAN Group, a pan-African conglomerate spanning telecommunications, energy, real estate, fintech and financial services, is expanding into insurance underwriting to tap the world’s least covered regions. The group, which generated $2.75 billion in revenue in 2024, has launched VIA Insurance …
Bus Crash Involving Iowa College Baseball Team Leaves One Dead, 32 Injured
A bus carrying an Iowa community college baseball team crashed and overturned in a ditch on Wednesday, Feb. 11, killing one person and injuring 32 others onboard. The crash involved a bus carrying Iowa Lakes Community College baseball team and …
People Moves: Unison Risk Advisors Names O’Sullivan as Chief People Officer
Unison Risk Advisors announced the appointment of Nicole L. O’Sullivan as chief people officer. Based in Cleveland, Ohio, O’Sullivan will lead the firm’s human capital strategy, supporting talent, leadership, and culture initiatives across Unison’s growing platform. O’Sullivan joins Unison with …
Texas AG Sues Snapchat for Alleged Inappropriate Material and Addictiveness
Texas Attorney General Ken Paxton on Wednesday sued the company that owns Snapchat, accusing the social media organization of failing to adequately warn parents about inappropriate material on the platform and downplaying its addictiveness. The lawsuit alleges that Snapchat, a …
Drones, Drugs, Laser Beams Stir Confusion Over Texas Skies
For a few hours on Wednesday, the sleepy airport of El Paso, Texas, became a sudden flashpoint for confusion. Late Tuesday night, the Federal Aviation Administration issued a terse notice to pilots that airspace in the area would close — …
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters
Francisco Lindor, Carlos Correa, and Jose Altuve were left off their countries’ rosters for the World Baseball Classic over insurance coverage. Lindor and Correa were left off Puerto Rico roster. Altuve was not included in Venezuela’s roster because of insurance. …
Auto Safety Bill Targeting Electric Doors Advances in US House
US lawmakers agreed to advance an automotive safety bill that would require manual releases in new vehicles with electrically powered door handles, bringing the measure that could impact designs popularized by Tesla Inc. a step closer to becoming law. The …
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
BMW is recalling hundreds of thousands of cars due to a potential fire hazard, the German premium carmaker said on Wednesday. The global recall is affecting a mid-six-figure number of cars, a BMW spokesperson said. Newspaper Bild earlier reported on …