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Severe Storms Batter Greek Islands, With Crete Hit Hardest
Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential downpours. On Monday, …
POSTED APRIL 03, 2025 9:43 AM |
People Moves: Korte to Lead Liberty Mutual Middle Market Global Risk Solutions
Liberty Mutual Insurance, based in Boston, appointed Dieter Korte as president, middle market, Global Risk Solutions North America (GRS NA), reporting to GRS NA President Marc Orloff. “These companies have the same exposures as larger organizations but often have fewer …
POSTED APRIL 03, 2025 5:21 AM |
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment manufacturers (OEMs), insurers and captives can drive the …
POSTED APRIL 03, 2025 5:09 AM |
MEMIC Recognizes Three NE Agencies for Service to Policyholders
Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachusetts; and USI Insurance Services in …
POSTED APRIL 03, 2025 5:05 AM |
Huge AI Data Center Planned for Pennsylvania Coal Plant Site
A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 50 miles east …
POSTED APRIL 03, 2025 5:02 AM |
FirstBank, With its Own Insurance Agency, Merges with Alabama Bank
Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Southern States does not offer insurance …
POSTED APRIL 03, 2025 5:01 AM |
Vivere Partners in California Raises $7.5M for Specialty Insurance Platform
Vivere Partners, a specialty insurance platform focused on niche lines of insurance, completed a $7.5 million Series A funding round led by General Catalyst, Pathlight Ventures and Greenlight Re. The funding is intended to accelerate the company’s expansion, fueling the …
POSTED APRIL 03, 2025 5:00 AM |
People Moves: Pete Anhalt to Lead The General Following Sentry Acquisition
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland brand and brings decades of leadership experience in the non-standard auto (NSA) …
POSTED APRIL 02, 2025 9:25 PM |
California FAIR Plan Stabilization Act Moving Through Legislature
A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs …
POSTED APRIL 02, 2025 6:13 PM |
Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts
Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …
POSTED APRIL 02, 2025 5:30 PM |
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