The Illinois attorney general’s office has filed a lawsuit against a developer and two contractors for the release of contaminants during the implosion of a smokestack at a defunct Chicago power station. The lawsuit filed in Cook County Circuit Court …
Fargo, North Dakota-based insurance holding company, NI Holdings Inc., the parent company of Nodak Insurance, is planning to repurchase up to approximately $10 million of the company’s outstanding common stock. The actual timing, number, and value of common shares repurchased …
The Texas Department of Insurance reports multiple opportunities for participation on insurance-related boards and committees. TDI is now accepting applications for the following boards and committees: Fair Access to Insurance Requirements (FAIR) Plan Governing Committee Surplus Lines Stamping Office of …
The Progressive Corp. said its results for the first quarter were “significantly impacted” by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30% increase in underwriting income, Progressive’s consolidated net income —$692.7 million— is a …
DUAL, the underwriting arm of Hyperion Insurance Group, announced the acquisition of a controlling interest in New Zealand specialty underwriting agency International Underwriting Agencies (IUA). “This is an excellent strategic acquisition for DUAL, bringing together NZ’s largest Lloyd’s coverholders with …
On March 5, Tennessee governor Bill Lee announced the state’s first confirmed case of Covid-19. Three weeks later on Easter Sunday, tornadoes touched down outside of Chattanooga, killing four people and flattening 2,000 structures. Since the start of the pandemic, …
If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. It not, the industry may be on the verge of an historic catastrophe. A …
Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted in countries …
A California appeals court on Tuesday overturned most of a 2017 jury verdict awarding Quincy Jones $9.4 million in royalties and fees from the Michael Jackson estate over the use of Jones-produced Jackson hits in the concert film “This Is …
Representatives of fitness clubs, amusement parks and youth baseball on Tuesday told a task force on reopening New Hampshire’s economy that they are prepared to make a variety of health and safety adjustments so they can operate during the coronavirus …
