Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The five-year loan will carry an interest rate of …
Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost every industrial group saw the number of closures rise, with the transport and storage sector …
Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India Insurance (FGII) from Future Enterprises …
The global pandemic has shown how vital it is for firms to understand the services they provide and to invest in their operational resilience. While COVID has accelerated the insurance industry’s digitalization, firms must strive for resilience by looking to …
Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home, business, auto and life insurance policies to protect families. Gales Agency, Inc., based in Oceana County, Michigan, has four office locations, …
The United States Court of Appeals for the Eighth Circuit affirmed a district court’s ruling that Farm Bureau Property & Casualty Insurance Co. must pay the policy limit in full on the claim for the second of two fires that …
A property insurer must give up its underwriting manuals in a claims dispute, a Florida appeals court said Wednesday. In People’s Trust Insurance Co. vs. Theodore Foster, the 1st District Court of Appeals in Tallahassee declined to quash a trial …
A municipality in New York may be held liable for wrongful action by an employee even though the employee was granted individual immunity. A police detective found liable by a jury for a false arrest was entitled to qualified immunity …
Women-only exercise areas in gyms and fitness clubs violate a state law banning discrimination based on gender, the Connecticut Supreme Court ruled Tuesday. The 6-0 decision written by Chief Justice Richard Robinson overturned a lower court ruling and an earlier …
Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new law taking effect in May, as workers contend with an employment landscape that’s increasingly dependent on technology. The new law …
