DOXA Insurance Holdings is pleased to welcome two new team members, Liz Coakley and Caitlin Murphy to the organization.
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AG Sues Major Chemical Companies for Contaminating the District of Columbia
Attorney General Brian L. Schwalb today announced a lawsuit against over 25 chemical companies, including The 3M Company (3M) and DuPont De Nemours, Inc. (DuPont), for manufacturing, marketing, distributing, and selling products containing dangerous PFAS chemicals which now pollute the District’s natural resources.
How IOT Can Save Flood Risk Issues
Floods pose significant risks to communities worldwide, causing extensive property damage and endangering lives. Recent advancements in technology have introduced innovative solutions to mitigate flood-related risks, and one technology that stands out is the Internet of Things (IoT).
Best’s Market Segment Report: Workers’ Comp Remains a Profit Engine for P/C Industry
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to a new AM Best report.
Bain Capital Raises $1.15B for First Fund Dedicated to Insurance Investments
Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told Reuters.
Preliminary H1 Insured Losses at $52 Billion: Gallagher Re
The cost of natural catastrophe losses in H1 2023, according to Gallagher Re, covered by private insurance or public insurance entities tallied $52B.
Instagram Agrees to Pay $68.5 Million in Illinois Biometric Privacy Settlement
Millions of Illinois Instagram users may be eligible for a cut of a new $68.5 million class-action biometric privacy settlement.
Unhealthy Air Quality Lingers Across Parts of U.S. from Drifting Canadian Wildfire Smoke
For Chicagoans planning a lengthy outdoor run Monday, “today is not necessarily the day for that,” according to Kim Biggs of the Illinois Environmental Protection Agency.
Direct Connection Advertising & Marketing Acquires FastrackCE, a Leading Provider of Insurance Continuing Education
Direct Connection Advertising & Marketing, a full-service advertising and marketing agency specializing in the insurance industry, is thrilled to announce its acquisition of FastrackCE, a leading provider of state-approved insurance continuing education (CE) courses.
California Regulators Consider Insurers’ Use of CAT Models for Property Rates
If California regulators decide to permit the use of catastrophe (CAT) modeling to set rates, they must balance two interests: public transparency and the protection of proprietary information.