European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a 430 million-euro …
Chicago, IL, February 20, 2019 – Prime Insurance Company has announced the addition of three top insurance companies to its roster of re-insurers. As a premier excess and surplus lines insurance carrier for specialty risks, Prime has longstanding strategic relationships …
The National Transportation Safety Board has issued five safety recommendations following completion of its investigation of the Aug. 27, 2016, chlorine release from a ruptured rail tank car near New Martinsville, West Virginia. There were eight injuries reported in connection …
Justice Clarence Thomas called for the U.S. Supreme Court to overturn the landmark 1964 New York Times v. Sullivan ruling, which protects news organizations from most libel suits when they write about public figures. Adding to a list of far-reaching …
A high school student from Covington, Kentucky, sued the Washington Post for defamation on Tuesday, claiming the newspaper falsely accused him of racist acts and instigating a confrontation with a Native American activist in a January videotaped incident at the …
A volunteer firefighter from Nicholls, Ga., was arrested and charged with three counts of arson after a fire at a wood structure in Alma, Ga., according to a statement from the Georgia Department of Insurance (GADOI). Investigators in Safety Fire …
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Universal North America Insurance Co. (UNAIC), based in Sarasota, …
Officials say traffic fatalities on Kentucky highways are down for the second year in a row. The Kentucky Office of Highway Safety that says preliminary figures show there were 722 highway fatalities in 2018, down from 782 in 2017 and …
The California Department of Insurance issued a Cease and Desist Order effective immediately upon NexGen Insurance Services Inc., Riverstone Capital, LLC (dba Riverstone Capital Insurance Services LLC) and its owner/operators Travis O. Bugli, James C. Kelly and Robert M. Clarke. …
Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Auto-Owners Insurance Group is headquartered in Lansing, Mich. Auto-Owners is a multiline property/casualty insurer operating through independent agencies …
