Insurance
AIG Continues to Take Cautious Approach to Excess D&O in North America
Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company’s chief executive said financial lines offset growth. AIG’s third quarter underwriting income within its General Insurance …
Read More Tennessee Settles Fired Vaccine Chief’s Lawsuit for $150,000
NASHVILLE, Tenn. (AP) — The state of Tennessee has agreed to pay $150,000 to settle a federal lawsuit by its former vaccine leader over her firing during the COVID-19 pandemic. The current and former health commissioners, and the state`s chief …
Read More Louisiana Contractor Gets Max Fine After Fatal Fall at Georgia Hyundai Plant Site
Federal safety regulators have brought the hammer down on a Louisiana contractor, deciding that the company failed to use correct safety equipment that would have prevented a fatal fall at an electric car plant construction site in Georgia. “The risks …
Read More Lemonade Expects to Be in the Black Within Three Years
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the insurtech expects both situations to reverse by year-end 2026. The cash situation, in fact, will turn around by year-end …
Read More Sovereign Nations Insurance Agrees to Stop Selling Unauthorized Insurance in Washington
Sovereign Nations Insurance, LLC signed a settlement agreement with Washington Insurance Commissioner Mike Kreidler and has agreed to cease its operations in the state. Kreidler ordered Sovereign Nations to stop selling unauthorized insurance products in Washington last year, issuing a …
Read More Evertree Adds Virginia’s Prosper Insurance to Acquisitions
Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November 1, bolstering its presence in the Mid-Atlantic region. Prosper has more than 100 employees and serves Virginia, Tennessee, North Carolina, …
Read More More Disruption in Who Appoints Boards in NC, as Court Blocks Legislative Changes
RALEIGH, N.C. (AP) — A panel of judges on Wednesday blocked changes for now that were made by North Carolina`s Republican-controlled legislature to three state boards, attempts opponents criticized as a partisan bid to end Democratic Gov. Roy Cooper’s control …
Read More Bad-Faith Payouts are Penalties, Not Insurance Benefits, Florida Supreme Court Says
Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of the truck that crashed into him. Now, Willoughby’s counsel …
Read More Company Charged in 2018 Blast That Leveled Home and Injured 3, Including 4-Year-Old
State authorities have announced charges against a company over a natural gas explosion that leveled a house and injured a western Pennsylvania family five years ago. Attorney General Michelle Henry said Wednesday that the criminal complaint alleges methane gas in …
Read More HDI Global Opens Branch in Portugal
HDI Global SE has received regulatory approval to open a branch in Lisbon, Portugal. HDI Global has been operating in the Portuguese market for more than two decades under the European Union’s freedom of services. The new branch office in …
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