Insurance
ERGO Enters US Small Business Insurance Market With Full Buy of NEXT Insurance
Munich Re said it has acquired NEXT Insurance, which will become part of the reinsurer’s major primary insurance business, ERGO. The agreement in place values NEXT Insurance at $2.6 billion. ERGO already owned nearly 30% of the digital insurance company’s …
Read More Greenpeace to Pay $660 Million in Damages to Texas Oil Firm
Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago. …
Read More Young Insurance Agents – Share Your Thoughts About the Industry Today
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is once again looking for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us …
Read More Contractors Insurance Alert: Construction Defect Lawsuits Rising
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Read More Third Time’s a Charm? Insurance Agent Is Charged Again.
A grand jury for Baltimore County has handed down a third indictment charging Michael C. Okolo, of Parkville, Maryland, with theft of property valued at $100,000 or more. This is the third time since September 2024 that Okolo has been …
Read More Kentucky Allows Unlicensed Adjusters in Three Counties After Storms Batter State
Unlicensed adjusters can work in three Kentucky counties once they register on temporary basis, the state’s insurance commissioner decreed after wind events caused serious damage in the northern part of the state. “The commissioner is allowing temporary registration for unlicensed, …
Read More Alabama Lawmakers Approve Ban on Machine-Gun Conversion Devices
MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday approved a ban on Glock switches and other conversion devices that convert semi-automatic weapons into machine guns, after a deadly year that included multiple mass shootings. A bipartisan coalition pushed the Alabama …
Read More Transportation Firm Faces Fines, Remediation Costs for Connecticut Oil Tanker Spill
Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong. In addition to the penalties, Soundview has take responsibility for the ongoing remediation …
Read More Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts
Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai and Kia cars topped …
Read More Share Offering for Brazil’s Caixa Seguridade Totals $216 Million
A secondary share offering for Brazilian insurance firm Caixa Seguridade was priced at 14.75 reais per share, the company said in a securities filing on Thursday, with the deal totaling about 1.22 billion reais ($216 million). The offering was made …
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