Insurance

The insurance will initially roll out, sometime in the next year, in Africa.

The round isn’t finalized yet and the details could change, the people said, who asked not to be named discussing private information.

Insurers protecting Florida’s homeowners are going under and it’s not the state’s storms dragging the firms down -- it’s a deluge of lawsuits and fraud.

Gild Insurance is on a mission to shake up the small business insurance industry with its constantly available online quote-to-bind services.

Berkshire Hathaway will acquire all outstanding Alleghany shares for $848.02 per share in cash, according to a statement Monday.

Keeping track of frequent changes to homes has become a complex issue for many insurers. With limited resources and rising customer expectations, many insurers are moving beyond traditional forms of customer outreach – emails, phone calls, and on-site inspections— to obtain the latest underwriting data about the properties in their portfolio.

The New York-based investment firm said in a letter to the company’s board Thursday that it has also been advocating for more independent directors on the board and operational improvements at the company in recent months.

Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims to come if the jets aren’t returned. Insurers, meanwhile, are canceling some policies, including for war risk, and may challenge claims on coverage still in force, industry participants say.

The glass tower in Paris where Axa SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, as senior executives prepared to claw off an extraordinarily profitable part of the company’s $20 billion business: the oil and gas clients whose ties to the insurer go back decades.

Nationwide recently announced a new partnership and the expansion of another as the company continues to grow its Internet of Things capabilities.