San Diego-based K2 Insurance Services, a specialty insurance services holding company, has found a new equity partner. Lee Equity Partners, a middle market private equity firm, has agreed to acquire a majority ownership interest in K2. K2 said that its …
ProSight Specialty Insurance announced that Joe Beneducci will be taking over the role of executive chairman for the insurer. Larry Hannon, who has been serving as ProSight’s chief operating officer, will succeed Beneducci as chief executive officer, effective immediately. Beneducci …
Consumers can press ahead with a lawsuit that accuses Apple Inc. of using its market dominance to artificially inflate prices at its App Store, the U.S. Supreme Court ruled. The 5-4 decision Monday could add to pressure the company faces …
The Trump administration said Monday it will drop rules first proposed in 2012 that would have required automakers to install brake-throttle override systems to prevent runaway vehicles. The regulation was proposed by the National Highway Traffic Safety Administration (NHTSA) in …
Boeing Co.’s 737 Max is about to join the list of brands trying to come back from ignominy. Analysts are digging into decades-old safety scares for clues to the future of the jetliner — and Boeing’s finances. There’s the Chevrolet …
A California jury on Monday awarded more than $2 billion to a couple who claimed Bayer AG’s glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against the company in litigation over the chemical. …
AmeriTrust Group Inc.’s five insurance carrier subsidiaries have received an upgraded Financial Strength Rating (FSR) of “A-” (Excellent) from A.M. Best, the insurance industry credit rating organization. A.M. Best also upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” …
National Flood Services, which offers processing, claims and customer service for flood insurance programs, has named Ralph Blust as chief executive officer. Blust will replace interim CEO George Ruhana, who will continue in his role as operating partner. Blust has …
The amount of money Boeing Co. and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were …
Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a nightmare. Breezy Point …
