Flash Flood in Pennsylvania Claims 4 Lives; 3 Others, Including an Infant, Are Missing

Published on July 18, 2023
A sudden flash flood swamped a southeastern Pennsylvania road, sweeping several cars away and claiming at least four lives. Three other people, including
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Reinsurance Broker Augment Launches With Access to $100M in Funding

July 18, 2023
Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global reinsurance market has been buffeted by significant shifts — among them the emergence of ever more complex risks, … Continued

Indonesia: Insurers urged to brace for softening of property insurance market

July 18, 2023
The property insurance sector in Indonesia is expected to soften with as competition increases, a situation that non-life insurers are urged to prepare for.