Insurance Journal News Feed

Insurance Journal news feed

1. DOXA Buys LimitFi Platform for Credit Risk Insurance Products

   Specialty insurance platform DOXA announced it has acquired LimitFi, a platform for capital and credit-risk insurance products. Connecticut-based LimitFi specializes in default-risk transfer and alternative credit products including non-payment insurance. The platform connects banks and lenders seeking capital relief and …

2. Farmers Files to Expand Coverage And Raise Rates for California Small Businesses

   Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …

3. Texas Hair Styling College Settles Discrimination Lawsuit

   Dallas Barber and Stylist College, Inc., which operates multiple barber and hair styling locations and instructional campuses in the Dallas metropolitan area, will pay significant monetary damages and provide other relief to settle a pregnancy discrimination lawsuit filed by the …

4. Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk

   Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according …

5. Parasite Outbreak Tied to Two Deaths in Michigan, CDC Says

   Two people have died in Michigan from the severe diarrhea-causing parasite that has sickened thousands across the US, according to the Centers for Disease Control and Prevention. Both had underlying health conditions, the agency said in a statement Monday. The …