INSURANCE NEWS
Insurtech Slide Targets $2B-Plus Valuation in IPO
Insurance tech company Slide is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering, joining a lineup of insurance companies that have made impressive stock market debuts in recent weeks. Slide’s roadshow launch follows …
Howden Acquires Peruvian Reinsurance Broker Innova Re
Howden, the London-based insurance intermediary group, announced it has acquired Innova Re, a market leading, independent reinsurance broker headquartered in Lima. Financial details of this deal were not disclosed. Established in 2017 and led by Juan Diego Cadarso, its founder …
22 Rescued From Boat on Fire in Long Island Sound
New York first responders rescued 22 people Saturday evening from a boat on fire in the waters near City Island in the Bronx. The New York Fire Department (FDNY) reported that its marine unit was conducting routine patrols when it …
Chevron CEO Warned Staff of Rising Safety Issues Before Fatal Angola Platform Fire
Chevron CEO Mike Wirth told employees they needed to reinforce safety standards after a growing number of injury near-misses in an internal video message on April 29, just weeks before three workers died due to a fire on one of …
DoorDash, Grubhub, Uber Eats Settle Wage Lawsuits Against New York City
DoorDash, Grubhub and Uber Eats have settled lawsuits against New York City over laws that boosted minimum wages for delivery workers and capped how much the companies could charge restaurants for delivering meals. The settlement filed on Wednesday in federal …
Fire Damages 40 Buses at Philadelphia Transit Lot
A fast-moving fire erupted early Thursday at a transit bus lot in Philadelphia and burned dozens of decommissioned vehicles, sending a thick plume of black smoke into the sky but causing no injuries. The fire did not impact the morning …
South African Insurers to Face Climate Stress Test, SARB Says
South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common stress test, …
Extreme Weather Is Stress-Testing India’s Infrastructure Drive
Indian monsoons this year — the earliest onset since 2009 — damaged new public infrastructure across the country, putting pressure on Prime Minister Narendra Modi’s push for an infrastructure upgrade in the world’s fifth-largest economy. A recently inaugurated underground metro …
Chinese Hackers, User Lapses Turn Smartphones Into a ‘Mobile Security Crisis’
Cybersecurity investigators noticed a highly unusual software crash — it was affecting a small number of smartphones belonging to people who worked in government, politics, tech and journalism. The crashes, which began late last year and carried into 2025, were …
UK’s Visa Crackdown Leaves City of London Immigrants in Limbo
One banker in the City of London is faced with paying an extra £40,000 a year in university fees for his children. Nursing homes are worried about finding enough caretakers for residents. The insurance industry says overseas relocations have now …
US DOT Declares Fuel Economy Rules Exceeded Legal Authority
The Transportation Department paved the way for looser U.S fuel economy standards on Friday by declaring that former President Joe Biden’s administration exceeded its authority by assuming high uptake of electric vehicles in calculating rules. The department made the declaration …
Hub International Acquires Wycoff Insurance Agency in Washington
Hub International Ltd. acquired the assets of Wycoff Insurance Agency Inc. in Mount Vernon, Washington. Wycoff Insurance will be referred to as Wycoff Insurance Agency, a Hub International company. Chris Eisses, president, Donnie Keltz, vice president, secretary and treasurer, and …