Fairfax Financial Holdings Ltd. will pay $144 million for New Zealand insurer Tower Ltd., giving it an instant, significant presence in a growing, emerging market. Tower’s board of directors has already unanimously approved the sale at about NZ$1.17 per share, …
Zenefits is laying off nearly half its staff as the software startup grapples with the fallout of insurance violations that resulted in hefty penalties from state regulators. The company, which offers free human-resources software to manage benefits and payroll while …
After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to competition in the industry. Now, …
Authorities say a metro train crashed into a boom lift in downtown Miami, killing a 43-year-old construction worker and injuring another. Miami-Dade police tell local news outlets the Metromover crashed about 1 a.m. Wednesday. No passengers were on the train, …
Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 …
A Puyallup, Wash. construction company faces a large fine for numerous repeated safety violations that exposed workers to potential falls and other hazards at a residential construction site in Olympia, according to the Washington State Department of Labor & Industries. …
Gov. John Bel Edwards is making his sixth trip to Washington to lobby for $2 billion more federal flood aid for Louisiana. The state has received $1.6 billion from Congress so far to respond to the March and August flooding. …
Investigators say four people were killed in a South Texas traffic accident just hours after an unrelated wreck in the Panhandle also claimed four lives. The Texas Department of Public Safety says four people died Tuesday morning in a three-vehicle …
Louisiana Insurance Commissioner Jim Donelon has issued Emergency Rule 32, which extends previous emergency rules issued after the historic flooding in the state in August 2016. The Louisiana Department of Insurance said the commissioner promulgated the new emergency rule due …
Safety National Casualty Corp. has added two new offerings to its suite of products: large guaranteed cost workers’ compensation and captive services. Safety National’s large guaranteed cost workers’ compensation offering targets large employers in need of a first-dollar program. The …
