Insurance Brokerage News Monitoring

Insurance brokerage fraud case: CBI court convicts five, slaps Rs 5.91 cr fine

The Ahmedabad CBI court on Wednesday sentenced five accused, including the ex-Divisional Manager of UIICL (United India Insurance Company Limited) Ahmedabad, to five years of rigorous imprisonment with a total fine of Rs 5.91 crore in a case related to a …

Insurance brokerage fraud: 5 years in jail, 5.9cr fine for five

CBI court convicts five, including ex-divisional manager of UIICL, in fraudulent insurance brokerage case

The Ahmedabad CBI court sentenced five accused, including the ex-Divisional Manager of UIICL (United India Insurance Company Limited) Ahmedabad and the Managing Director and Director of two private companies to five years of rigorous imprisonment with a …

Axis Insurance acquires boutique commercial insurance brokerage

Brokerage Axis Insurance Managers Inc. has acquired Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage. “This acquisition strengthens Axis Insurance’s presence in Alberta and enhances its ability to deliver advanced risk …

JMMB expands presence in Santa Cruz with larger branch

The JMMB Group has announced the relocation of its Santa Cruz branch to a new, larger facility at 94 Main Street, Santa Cruz, St Elizabeth. The new branch, now a fully integrated JMMB Financial Life Goals Centre, offers a comprehensive suite of financial …

Liability Insurance Market to Reach $432.81 Billion by 2031 with a 5.7% CAGR

Liability Insurance Market to Reach $432.81 Billion by 2031 with a 5.7% CAGR NEW CASTLE, DE, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Liability Insurance Market by Coverage …

Insurance Advisory Services for Private Equity Sponsors: A Conversation with Ryan Seager at Associated (Part 1)

To help businesses, investors, and deal professionals better understand the evolving M&A market, Robert Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a series of conversations with M&A experts. Below is his …

Root, Inc. to Participate in the 2025 Association of Insurance and Financial Analysts (AIFA) Conference

COLUMBUS, Ohio, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced its participation in the 2025 Association of Insurance and …

Extended Warranty Market in Consumer Electronics Set for Remarkable Expansion, Forecasted to Hit $198.99 Billion by 2030

Extended Warranty Market in Consumer Electronics Set for Remarkable Expansion, Forecasted to Hit $198.99 Billion by 2030 WILMINGTON, DE, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- According to the report published by Allied Market …

Segal buys communications consultancy Intactic

Segal, a New York-headquartered benefits and HR consulting firm, has acquired Intactic, a San Francisco-based employee communications consulting firm. Founded in 2014, Intactic has extensive expertise in internal communications, employee experience, …

‘The heart of everything we do’: Insurance brokerage celebrates back-to-back gold service awards

A Sudbury-based insurance company has voiced its delight at earning back-to-back annual awards, based on the positive feedback of its customers. Independent family-run insurance brokerage Coversure has been presented with the Feefo Gold Trusted Service …

Exclusive-HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say

By Selena Li HONG KONG (Reuters) – HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition for the unit as part of its expansion plans in …

Christensen Group Insurance Begins Sending Data Breach Letters Following 2022 Cyberattack

On February 24, 2025, Christensen Group Insurance (“CGI”) posted a notice on its website discussing an October 2022 data breach that the company discovered in January 2023. In this notice, CGI explains that the incident resulted in an unauthorized party …

Crescendo Lab Expands To Singapore To Revolutionize AI-Powered Conversational Commerce Across Southeast Asia Media ...

(MENAFN- media OutReach Newswire) SINGAPORE - Media OutReach Newswire - 27 February 2025 - As Southeast Asia emerges as a hub for conversational commerce, Crescendo Lab is redefining customer engagement with AI-powered solutions. With the conversational AI …

HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say

HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its expansion plans in that country. Pinnacle was …

Crescendo Lab Expands to Singapore to Revolutionize AI-Powered Conversational Commerce Across Southeast Asia

SINGAPORE - Media OutReach Newswire - 27 February 2025 - As Southeast Asia emerges as a hub for conversational commerce, Crescendo Lab is redefining customer engagement with AI-powered solutions. With the conversational AI market projected to exceed $18 …

FIRSTHOLDCO: REINFORCING ESG, SUSTAINABILITY INITIATIVES AS IT REBRANDS

By A.Ezekiel In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to the US Bureau of Statistics), any business that has …

LP Insurance Welcomes Commercial Lines Director

Commercial Lines Director RENO, Nev. – Feb 24, 2025 – LP Insurance Services, LLC has named Cathy Santoni the Director of Commercial Lines. As LP Insurance Services continues to grow, the team is committed to providing the best possible tools and services …

Judge Dismisses Charges Against NJ Insurance Exec Norcross

In a prosecution that local news outlets had called “stunning,” a New Jersey judge has made an equally stunning dismissal of corruption and racketeering charges against insurance executive and Democratic power broker George Norcross III and five co- …

InCap Group Joins The Wealth Engineering Expert Sourcing Consortium

The Wealth Engineering Family of Companies is pleased to announce the inclusion of InCap Group as an exclusive core component of its Expert Sourcing Consortium LAKE MARY, FL, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- The Wealth …

Lipid Nanosciences is Advancing 'GC101' to Proof of Concept/Preclinical Studies with a Potential New Research Partner

Lipid Nanosciences, intimately aware of the capabilities, ease and economics of formulation of their proprietary GC101 supporting confidence in upcoming studies NEW YORK, NY, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Lipid …

JMCP Commentary Outlines Strategies to Address Health Inequities in the Workforce

A new commentary outlines factors that contribute to inequities among those with employer-sponsored insurance and the data-driven approaches to address them. WASHINGTON, DC, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Inequities in …

Nexus Mutual Launches Comprehensive Cover Product at ETHDenver

Nexus Mutual launches new cover product with options tailored to different DeFi strategies DENVER, CO, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Nexus Mutual, the leading onchain insurance alternative, today announced the launch of …

Predicting the Unpredictable: Weather 20/20 Unveils Advanced Severe Weather Forecasting Using Exclusive LRC Technology

Stay Ahead of the Storm: The Only Guide Predicting Severe Weather Weeks to Months in Advance KANSAS CITY, MO, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- It has been nearly 12 years since the devastating EF-5 tornado struck Moore, OK …

The AI Opportunity Radar: How to Decarbonise & Digitalize the Energy, Automotive, Telecom & Shipping Value Chains

Auto2x identified the top-50 growth and innovation opportunities to use AI to meet Net-Zero regulations and Digitalisation transformation. LONDON, UNITED KINGDOM, February 27, 2025 /⁨EINPresswire.com⁩/ -- Auto2x's strategic planning service …

Amit Sangekar Appointed As Chief Marketing Officer of Dinosaur Group

Dinosaur Group Holdings (DGH) is pleased to announce the promotion of Amit Sangekar to Chief Marketing Officer (CMO) for the group. LONDON, UNITED KINGDOM, February 27, 2025 /⁨EINPresswire.com⁩/ -- Dinosaur Group Holdings (DGH) is pleased to announce the …

Onyx Expands Patient Access API with Support For Latest FHIR Guides, in readiness for CMS Prior Authorization Rule

Onyx, Best in KLAS interoperability Provider, releases OnyxOS Spring'25 Edition supporting the latest Implementation Guides in the CMS Prior Authorization Rule. MISSION HILLS, KS, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Onyx, …

Abhay Mangalore Shares Vision for Next-Gen Smart Security Systems Powered by AI and IoT

Abhay Mangalore reveals how edge AI and IoT are transforming security with real-time processing, enhanced privacy, and scalable solutions. SAN FRANCISCO, CA, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- In a recent AI Time Journal …

Boston Estate Planning Council to Honor Sarah M. Allen with its 2025 Excellence Award at May 21st Annual Gala

This award recognizes professional excellence in estate planning and significant contributions to the community. WESTFORD, MA, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- The Boston Estate Planning Council (BEPC), the definitive …

SCAN Makes Strategic Investment in League; Uses Tech to Launch Mobile-First Member Experience

LONG BEACH, CA, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- SCAN Group, a mission-driven organization that includes SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, has made a strategic investment …

The Friday Advantage Is a Transformative Guide to Weekday Productivity and Achieve Greater Work-Life Harmony

Book offers innovative strategies to manage your life and career on your own terms. CONYERS, GA, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Executive coach and consultant Chuck Hall has launched his insightful book, The Friday …

Matthew E. Drane Joins Verti Commercial Real Estate as Chief Revenue Officer and Senior Managing Director

COLUMBUS, OH, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- Verti Commercial Real Estate, a next-generation brokerage firm renowned for its innovative lead generation systems and broker support, is pleased to announce the appointment of …

Feroot Security Launches HealthData Shield AI to Protect ePHI on Healthcare Websites and Ensure HIPAA Compliance

HealthData Shield AI automates HIPAA compliance and protects sensitive patient data from unauthorized tracking, backed by Feroot's proven threat detection AI. TORONTO, ON, CANADA, February 27, 2025 /⁨EINPresswire.com⁩/ -- Feroot Security, a leader in …

HCI Group Reports Fourth Quarter 2024 Results

Fourth Quarter Pre-Tax Income of $5.9 million and Diluted EPS of $0.23 Full Year 2024 Pre-Tax Income of $173.4 million and Diluted EPS of $8.89 TAMPA, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) reported pre-tax income of $5.9 …

American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2024

Company to Host Quarterly Conference Call at 5:00 P.M. ET on February 27, 2025 The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at investors.amcoastal.com/ …

SiriusPoint Announces Closing of CM Bermuda Transaction & Completion of Registered Secondary Offering of 4,106,631 ...

HAMILTON, Bermuda, Feb. 27, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, announced today the closing of its previously announced transaction to repurchase all SiriusPoint common shares …

The Omnia Group Releases its Annual Talent Trends Report 2025

The Omnia Group has released its fourth annual Talent Trends Report: Beyond Comfort Zones: Inspiring Meaningful Connections and Growth in 2025. TAMPA, FL, UNITED STATES, February 27, 2025 /⁨EINPresswire.com⁩/ -- The Omnia Group has released Talent …

Understanding the Legal Process for Pursuing Justice After an Assault in Louisiana

OPELOUSAS, LA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Assaults, whether they are physical, emotional, or both, can have a lasting impact on victims. For those who have been injured, the road to recovery often includes not just …

Applied AI Association (AAIA) Names Cheryl K. Goodman of AskTuring.ai as Founding Member

AAIA Names AskTuring.ai's Cheryl K. Goodman, Author, "How to Win Friends & Influence Robots" & Host @MindtheMachinePodcast as Founding Member SAN DIEGO, CA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- The San …