Article 0 Comments Beginning in April, Louisiana customers of State Farm Mutual Automobile Insurance Co. will see a decrease in their auto insurance rates, the insurance department announced. It will be the third rated decrease filed by the company in less than a year that has been approved by Insurance […]
April
French Insurer April Attracts Interest From Private Equity Firms CVC, KKR
Article 0 Comments French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, according to people familiar with the matter. April confirmed it initiated discussions with its […]
Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman
Article 0 Comments Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that von Bomhard, 62, be nominated for election […]
Agency Continues Probe of Wisconsin Refinery Blast
Article 0 Comments The U.S. Chemical Safety Board is analyzing metal shrapnel from an April explosion at a Husky Energy Inc. refinery in Wisconsin that forced the evacuation of thousands of residents as it continues to investigate the cause of the blast, the agency’s chief said. The metal shrapnel blown […]
Canada’s May Windstorm Insured Damage Tops $410 Million
Article 0 Comments April showers bring May flowers but in Ontario, the last few months brought a series of severe, and unique, weather events. Insured damage from an early-May windstorm affecting Ontario and parts of Quebec topped $410 million – with $380 million of this damage in Ontario alone – […]
Aon’s April Catastrophe Report: Storms Deal Blow in U.S.; Floods Take 78 Lives in Africa
Article 0 Comments During April, five separate storm systems caused severe thunderstorms across the United States, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic, and the Northeast, with nearly 70 tornado touch-downs and up to baseball-sized hail that damaged residential and commercial property and vehicles. The same system […]
Still No Arrest 5 Years After Texas Fertilizer Plant Explosion
Article 0 Comments April 17 marked the fifth anniversary of the fertilizer plant explosion that claimed 15 lives in the town of West, Texas. Despite a lengthy investigation by state and federal officials, no one has been arrested and charged with setting the fire that led to the blast, the […]
Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries
Article 0 Comments Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015. It is the latest in a series of lawsuits initiated […]
Insurtechs Continue to Perform Miracles for Policyholders
Article 0 Comments APRIL 1, 2018— The competition among insurtechs trying to make their insurance customers “deliriously happy” continues to evolve with the latest news that one insurer is paying claims before they even happen. New York-based BlackRaspberrySoda said it has paid out $1.3 million this quarter in what it […]