Patricia Wells

Zurich Insurance Group AG is expanding its reach in the insurance technology world with its latest move to acquire BOXX Insurance Inc, a Canadian company that focuses on managing cyber risks. This deal will bring BOXX into Zurich’s platforms business, known as Zurich Global Ventures. The financial details of the deal have not been made … Read more

Relation Insurance Services has announced it has acquired Albert G. Ruben, a well-known insurance brokerage specializing in the entertainment industry. Albert G. Ruben has been serving clients for 65 years and was previously part of Aon. The terms of the deal have not been made public. The Albert G. Ruben name will stay the same, … Read more

After natural disasters like wildfires, hailstorms, or floods, some homeowners are tempted to exaggerate or even make up insurance claims. While it might seem harmless to some, this type of fraud costs the insurance industry billions every year—money that ultimately affects all policyholders. According to the National Insurance Crimes Bureau, about 10 percent of claims … Read more

The South Carolina Department of Insurance is once again asking insurance companies to provide detailed information on commercial liability and liquor liability coverage in the state. Carriers must submit their data by August 31, using an Excel template provided by the department. The information should cover calendar years from 2015 through 2024 and include details … Read more

Brazil’s central bank revealed that C&M Software, a technology provider supporting small financial institutions, was hit by a cyberattack earlier this week. The attack targeted systems on Monday, prompting the central bank to order C&M to cut off access to the infrastructure it manages for these institutions. C&M Software’s commercial director, Kamal Zogheib, confirmed that … Read more

In late June, Florida officials took swift action to create a new detention camp for immigrants as part of former President Trump’s deportation push. Governor Ron DeSantis directed emergency relief contractors to set up a facility in the Everglades, near Miami, on an old airstrip. The site, quickly nicknamed “Alligator Alcatraz,” opened with space for … Read more

Specialist Risk Group, a London-based insurance intermediary, has taken a significant step by acquiring Generation Underwriting from WF Risk Group. Generation Underwriting is a managing general agent with offices in Newcastle and Belfast, known for working closely with brokers in the SME and mid-market sectors across the UK. While financial details of the deal were … Read more

Contractors from Maine, Connecticut, and New York are set to pay $1.37 million after admitting to false claims related to a runway repair project at Westfield-Barnes Regional Airport in Massachusetts. The settlement concerns work done on Runway 2-20, a vital part of the airport used by the Massachusetts Air National Guard’s 104th Fighter Wing. Back … Read more

Rockford Mutual Insurance Company (RMIC) has named Ann Kriens as its new vice president of claims. The move comes after Patrick Kennedy, the former vice president of claims and internal counsel, retired on July 1. Kriens has been with RMIC since 2014 and brings a strong background to her new role. Before joining the company, … Read more

A winter sports park and event venue in Franklin, Wisconsin, is facing a federal lawsuit for firing an employee over his religious beliefs. The Equal Employment Opportunity Commission (EEOC) filed the suit against Crystal Ridge Ski Area, LLC, which operates as The Rock Snowpark. The case centers on a lift operations manager who was reportedly … Read more