Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing stable profits in their own businesses. With new laws promising to change a Florida litigation environment that was out of …
Oakbridge Insurance has acquired Georgia-based Bishop-Durden-Hale Insurance Group, the companies announced. Bishop-Durden, which specializes in coverage for manufacturers, municipalities and schools, will keep its offices in Vidalia and Savannah. The firm was founded in 1996. Brian Bishop is the agency’s …
The successor to a law firm that was known as “public enemy number one” by Florida’s property insurance industry after it filed thousands of unnecessary lawsuits – many of them on the same claim – has slipped into bankruptcy, putting …
CROSS CITY, Fla. (AP) — An elderly man who was cleaning debris from Hurricane Idalia in north Florida when a tree fell on him has been declared the state`s third death from the Category 3 storm, officials said Thursday. The …
BLYTHEWOOD, S.C. (AP) — Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a forerunner to today’s SUVs. …
North Carolina authorities have charged a Charlotte-area insurance agent with identity theft after he reportedly took out a life insurance policy without the man’s knowledge. Derek Urban Ezzell, 56, a multi-lines producer in Concord, submitted an insurance application in the …
ATLANTA (AP) — Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Lee — which just as quickly dropped to a still-dangerous Category 3 and held that …
One of the longest-serving TV meteorologists in Atlanta was terminated from his high-profile job in 2019 because of repeated instances of sexual harassment of colleagues, not because his skin is white, a federal appeals court decided. Paul Ossmann was fired …
A workers’ compensation fund for Mississippi state agencies can take subrogation action against the driver of an all-terrain vehicle that badly injured the then-chief of staff to the state’s lieutenant governor, the Mississippi Supreme Court decided this week. A circuit …
SAVANNAH, Ga. (AP) — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s sprawling U.S. electrical vehicle plant that’s under construction …
