Perfect storm: Insurers battle deluge of 500,000 catastrophic claims – Analysis – Insurance News

A series of hurdles have constrained insurers as they battle half a million claims from a series of some of the worst catastrophes ever experienced in Australia. Insurance Council of Australia (ICA) tells insuranceNEWS.com.au, the industry has been hit by 379,368 claims resulting in losses of $5.84 billion from the combined total of three declared … Read more

FedNat Announces $15 Million Investment by Hale Partnership in Monarch National Insurance Company

SUNRISE, Florida, May 24, 2022 (GLOBE NEWSWIRE) — FedNat Holding Company (Nasdaq: FNHC) (FedNat), a regional insurance holding company, has signed an agreement with Hale Capital Management LLC (Hale) under which funds managed by Hale will invest $15,000,000 at FedNat subsidiary National Monarch Insurance Company (MNIC), subject to the fulfillment of certain conditions. Under the … Read more

UNIVERSAL IBOGAINE PROVIDES UPDATE ON KELBURN RECOVERY CENTER OPERATIONS

CALGARY, AB, April 7, 2022 /CNW/- universal ibogaine inc. (TSXV: IBO) (“user interface” wave “Company“), a life sciences company with a mission to develop and deliver ibogaine-focused addiction healthcare, reports that it has temporarily closed the Kelburn Recovery Center (“Kelburn“) due to a flooding problem at the site. Kelburn is UI’s addiction treatment site operating … Read more