Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the developer’s 50% stake in Evergrande Life Assurance Co. …
Renaissance Insurance Group said on Monday it plans to list its shares on the Moscow Exchange and raise up to $290 million in an initial public offering (IPO), riding Russia’s emerging IPO wave. Russian IPO activity, hit by the COVID-19 …
Mississippi House and Senate negotiators said that they have agreed on a proposed medical marijuana program. Leaders are expected to ask Republican Gov. Tate Reeves to call the Legislature into session to put the plan into law. The step comes …
This post is part of a series sponsored by The Hanover Insurance Group. Workers’ compensation claims can significantly impact a business’s productivity and bottom line. Out-of-work employees cause company leaders to deal with the burden of a smaller workforce, training …
CMR Risk and Insurance Services Inc. of San Diego, Calif., announced the creation of a new executive leadership team. The team was put together by the board of directors to help CMR make more timely decisions, operate in a more …
One big national insurance cannabis firm sifted through some of its claims data to tell us that many thefts at cannabis operations are occurring overnight, but more interestingly, based on security footage and other available evidence, it appears criminals are …
Allan L. McVey has been appointed as West Virginia’s insurance commissioner. Gov. Jim Justice announced McVey’s appointment Wednesday. McVey fills the vacancy created by the resignation of Jim Dodrill. McVey served as insurance commissioner from March 2017 until his appointment …
The number of independent medical reviews used to resolve California workers’ comp medical disputes hit a record low in the first half of 2021 as statewide unemployment remained stubbornly high, non-COVID job injury claims stayed below pre-pandemic levels, millions of …
Thousands of people were under evacuation orders Friday and many others were on notice to be ready to flee as a destructive wildfire raged in a drought-stricken forest in California’s far north. A woman suspected of starting the Fawn Fire …
California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its current dwelling fire coverage, with more traditional homeowner features, such as coverage for water damage, theft, and loss of use. …
