Hindenburg Research’s allegations of fraud against the Adani group have scorched the Life Insurance Corporation of India (LIC). Its holdings in the Adani stocks account for less than 1% of the total e...
Tag: Insurer
Severe Storms Push Florida Home Insurer FedNat to Bankruptcy
(Bloomberg) — FedNat Holding Co., a Florida-based homeowners insurance company, filed for bankruptcy after an increase in severe weather events in the state weighed on its balance sheet. Most Re...
FTX US insurer Relm ‘confident’ it will remain ‘well-capitalized’
FTX US’s insurance company Relm is “well-capitalized to serve the needs of the industry” following the implosion of FTX Trading, CEO Joseph Ziolkowski said. “On the asset...
Bermuda-based insurer Relm distances itself from FTX fallout
Relm Insurance, a subsidiary of the Deltec International Group, the parent company of Deltec Bank & Trust, has issued a statement attempting to distance itself from the fallout from FTX and Alamed...
Insurer Sees Strong Demand for Preferred Stock With Juicy 9% Yield
Income-oriented investors got a gift when insurer Lincoln Financial Group offered $1 billion of preferred stock this week, including a deal with a 9% annual dividend rate that is accessible to retail ...
Pet Insurer Creates Platform That Can Predict Your Dog’s Medical Future
Veterinary doctor examing heart of dog boston terrier with stethoscope portrait getty Pet insurance company Fetch by The Dodo announced today that it has created a dog disease database that will enabl...
Dividend Stocks: Top Insurer Collects On Earnings, Raises Dividend
In IBD’s Dividend Leaders screen, insurance firm Unum Group (UNM) is in focus after a giant earnings beat, dividend increase and improving fundamentals. X Unum Group — headquartered in Chattanoo...
With wildfires raging once more, here’s how 90210 star Shannen Doherty beat her insurer to fix her fire-ravaged home
With wildfires raging once more, here’s how 90210 star Shannen Doherty beat her insurer to fix her fire-ravaged home With this year shaping up to be the worst on record for U.S. wildfires, knowi...
UK Jeweler Sues Insurer Over Failure to Cover $7.5M Bitcoin Ransomware Losses
British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bi...
High-End Jeweler Graff Diamonds Sues Insurer Over $7.5M Bitcoin Ransomware Payment
Famous British Jeweler Graff Diamonds Corp. has filed a lawsuit against its insurance company, The Travelers Companies Inc., over $7.5 million it spent after falling victim to a ransomware attack in S...
E-Bike Theft Claims Rise 37% Year-On-Year, Reveals U.K. Insurer
The Volt London e-bike costs $2,600. Carlton Reid E-bikes are proving popular, with thieves as well as consumers: theft claims in the U.K. “rocketed” by 37% between 2020 and 2021, reveals insurance pr...
Stock Market Fades; Warren Buffett Buys Insurer; Boeing Drops After Plane Crash
After enjoying the best week since November 2020, the stock market gave back some gains Monday morning. Warren Buffett’s Berkshire Hathaway (BRKB) announced a major deal, while Boeing (BA) share...
Cryptoasset Insurer Evertas Granted Lloyd’s Of London Coverholder Status
CHICAGO, Feb. 03, 2022 (GLOBE NEWSWIRE) — Evertas announced its approval as a Lloyd’s of London coverholder. This coveted designation will permit Evertas to significantly expand access to insurance ...