Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people familiar with the matter said. The move would …
Mississippi’s attorney general says the nation’s largest tobacco company will pay the state $15 million to settle claims that it was underreporting the number of cigarettes it was shipping to the state. Attorney General Jim Hood announced the settlement with …
Below is a summary of Tennessee legislation that pertains to insurance enacted in 2015. Uninsured Motorist, “James Lee Atwood Jr. Law” The James Lee Atwood Jr. Law, named for a driver who was killed by an uninsured motorist in the …
The National Weather Service says it has confirmed five tornadoes touched down in Middle Tennessee during storms July 2. The Tennessean reports two tornadoes touched down in Wilson County, two in Old Hickory and one in Mt. Juliet around 5:30 …
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Cooper, Simms, Nelson & Mosley (Cooper Simms), based in Winter Park, Fla. Terms of the acquisition were not disclosed. Cooper Simms is a full service firm with …
Two brothers in New Jersey have admitted organizing a scheme to recruit motor vehicle accident victims as patients for chiropractic facilities they controlled. State authorities say 52-year-old Anhuar Bandy and his 53-year-old brother, Karim Bandy, both of Colts Neck, New …
The state of Maryland says it will appeal the federal government’s denial of disaster aid to help the state and Baltimore city recover millions of dollars in riot-related costs. A spokesman for Republican Gov. Larry Hogan said Monday the administration …
A small number of physicians are responsible for a large portion of the independent medical review of worker’s compensation cases in California, a process that could be costing payers in excess of $100 million, a report shows. The IMR process …
Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton pled guilty to one count of pattern of unlawful activity …
UK Chancellor of the Exchequer George Osborne angered Britain’s insurance industry by unexpectedly increasing a tax on policy holders that is expected to raise an extra 1.8 billion pounds ($2.8 billion). The insurance premium tax will be increased to 9.5 …
