INSURANCE NEWS
PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year
PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States. PPT, headquartered in Surfside Beach, South Carolina, provides custom tools for …
Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd’s Managing Agency
Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s to launch its managing agency, Dale Managing Agency Ltd. DPL also announced it has appointed four independent …
Michigan Veteran Gets Five Years for Fraud over Faked Injuries
A Michigan veteran has been sentenced to five years in prison after investigators who followed him discovered he had faked injuries that allowed him to claim more than $260,000 in federal benefits. Joseph Gray, 53, of Lawton repeatedly claimed he …
Walmart, CVS Agree to Settle West Virginia Opioid Suit for $147 Million
Walmart and CVS Pharmacy have settled with the state of West Virginia for a combined total of $147 million in a lawsuit over the companies’ roles in contributing to the oversupply of prescription drugs that fueled the opioid epidemic in …
Trump Accuser Plans New Lawsuit Under New York’s Abuse Survivors Law
A writer who accused former President Donald Trump of raping her in a department store dressing room intends to file another lawsuit against him under a new New York law letting sexual assault victims sue over attacks that happened decades …
School Bus Crashes into Store in South Carolina
A school bus crashed into a store in South Carolina on Tuesday, hitting one student outside and sending seven people to the hospital, authorities said. The front of the school bus was inside the brick building in North Charleston up …
Massachusetts Car Dealer Denies Racial Bias Charges: ‘We Would Be Hurting Ourselves’
Management at a Massachusetts car dealership accused in a lawsuit filed by the state of illegally charging Black and Hispanic customers more for remote starters, paint protection and other add-on products than it does for white customers is denying the …
Family Sues Little League World Series Over Head Injury From Bunk Bed Fall
A Utah boy who suffered a serious head injury after falling from a bunk bed during last month’s Little League World Series in Pennsylvania has returned home from the hospital and his family is suing the league and the company …
Chicago Apartment Building Explosion Injures 8
Eight people were rushed to hospitals after being injured when an explosion Tuesday tore through the top floor of a Chicago apartment building, officials said. The explosion at the 36-unit, four-story apartment building in the South Austin neighborhood occurred at …
Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters
Barbados has issued the world’s first government bond with a clause allowing payments to be suspended in the event of another global pandemic, a move expected to attract interest from dozens of other countries savaged by the COVID-19 crisis. The …
Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources
AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant seeks to boost its presence in Southeast Asia. AIA and MediCard are finalizing the details of a transaction …
Fortegra Receives UK Branch Authorization
The Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced that its European insurer, Fortegra Europe Insurance Co. Ltd. (FEICL), received UK Branch approval from the UK’s Prudential Regulatory Authority, effective July 28, 2022. The authorization …