Browsing: Business Insurance

NormanMax Insurance Holdings has agreed to acquire FloodFlash, a managing general agent (MGA) specializing in parametric flood insurance, pending regulatory approval. The deal will allow NormanMax to broaden its coverage and enhance its parametric solutions, including those for other natural catastrophes.

An insurance company denied payment for an air ambulance that saved an unconscious patient’s life, claiming she should have obtained preapproval.

Chubb Limited has announced a series of leadership changes in its Europe, Middle East, and Africa (EMEA) and North America divisions. These changes will be effective April 1, 2025, subject to regulatory approvals.

The inland marine insurance market, which covers movable property, is stable despite challenges from cargo theft and cyber threats, according to industry experts.

The Justice Department is scrutinizing UnitedHealth Group’s Medicare billing, raising concerns about potential overpayments and sparking a drop in the company’s stock.

Subsidiaries Health Alliance and FirstCarolinaCare will cease operating all lines of business except Medicare Advantage on January 1, 2026, according to a statement.

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Higginbotham, a major U.S. insurance broker, announced the acquisition of Program Insurance Group, an independent agency based in Texas.

Munich Re is targeting significant growth in its global specialty insurance segment, with a revenue goal of €10 billion by the end of 2025.

A new report from Arctic Wolf reveals that cybercriminals are modifying their methods to overcome stronger security measures, with data theft and business email compromise (BEC) leading the charge.