An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …
Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the …
A consortium, consisting of pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, will invest up to £1.275 billion ($1.9 billion) in London’s “super sewer.” The consortium’s investment in the Thames Tideway Tunnel …
Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24, troubled Irish …
A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an …
Massachusetts’ Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, announced that Insurance Commissioner Daniel Judson has approved the CAR Governing Committee’s appointment of Natalie Hubley as the organization’s new president. Hubley has been …
A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …
Glatfelter Healthcare Practice, an insurance program serving senior living facilities, home health care and other private homecare agencies, and VorroHealth, a provider of clinical, AR/billing and interoperable technology for healthcare, have released ACTUM, a fully integrated offering to complement VorroHealth’s …
Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, hired Chris Balogh as consultative associate. As part of Henderson Brothers’ consultative department, Balogh will provide clients with comprehensive compliance support and perform claims, risk, and benchmarking analyses. Founded …
Arthur’s Restaurant and Bar, a fine dining steakhouse and lounge in Addison, Texas, a suburb of Dallas, will pay $20,000 to a former cocktail server to settle a pregnancy discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), …
