Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of 47%, thanks to higher underwriting income and lower catastrophe costs, compared with the quarter one year ago. The highlights for …
LP Insurance Services LLC has added Ben Woodbury to the southern Nevada commercial sales team. Woodbury has been a licensed commercial insurance broker for nearly 20 years. He works with clients throughout Nevada to provide insurance solutions and risk mitigation …
A state appellate court has overturned rulings by a trial court and dismissed a lawsuit stemming from a cross-median crash that killed two women on Interstate 10 in southern Arizona in 2008. The Arizona Court of Appeals ruled last week …
California sued two multinational gasoline trading companies Monday, alleging they ran a scheme that jacked up prices at the pump from 2015 to late 2016. Democratic Attorney General Xavier Becerra said the companies took advantage of market volatility following a …
AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its Financial Strength Rating downgraded to A (Excellent) from A+ (Superior) and its Long-Term Issuer Credit Ratings have been downgraded to …
“I think there was an attempt to dissuade the public from filing these claims and to shape the public opinion that this was not property damage,” said Steven C. Marks, managing partner at Miami-based Podhurst Orseck PA, who has filed …
America’s meat-processing plants are starting to reopen but not all workers are showing up. Some still fear they’ll get sick after coronavirus outbreaks shut more than a dozen facilities last month. Employees are taking leave, paid and unpaid — or …
The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector actors increase resilience to catastrophic flooding. The partnership will leverage …
IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands …
The New Jersey Department of Banking and Insurance (DOBI) has implemented a process for issuing temporary licenses to eligible individuals seeking to become insurance producers during the COVID-19 pandemic. The temporary process is being implemented in order to assure the …
