Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder and CEO Alex Timm in an emailed statement cited pandemic losses as factoring …
A federal judge in Tampa has ordered a roofing contractor to revise its lawsuit complaint, which alleges racketeering law violations against United Property & Casualty Co., after the original complaint failed to meet federal court rules. “Upon review, the Court …
Hundreds of residents remained evacuated Sunday as crews battled a wildfire in rugged mountains along the California coast that forced the closure of the main roadway near Big Sur. One structure, a yurt, was destroyed by the blaze that broke …
Berkley One has expanded its personal insurance portfolio to Utah. Berkley One is also expanding into Maine. Berkley One Classics collector vehicle coverage is also launching in Montana, Utah and Wyoming. In Utah and Maine, Berkley One is now offering …
Western National Mutual Insurance Co. and Alfa Insurance announced an agreement for Alfa to purchase Legacy Insurance Services Inc. in Arizona. The deal is pending final regulatory approval. Alfa is acquiring the Legacy and Arizona Auto Insurance Co. entities, as …
Thanks to an unexpectedly large state budget surplus for 2021, Georgia’s governor wants to pay off a $150 million backlog of workers’ compensation benefits due to state employees. Gov. Brian Kemp’s budget director said last week that the surplus, partly …
The West Virginia Senate has passed a bill that would create a mutual insurance company dedicated to coal mine reclamation costs. Senate Bill 1, backed by Senate President Craig Blair, would help the state avoid what Blair has called a …
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters. The growing frequency of severe weather …
NFP Realigns Its Northeast Region Leadership, Appoints Henry and Walsh Co-Presidents Insurance broker NFP announced Kate Henry and Mike Walsh have become co-presidents of its Northeast region. As part of this leadership realignment, Henry and Walsh succeed Bill Austin, who …
A judge has dismissed Ocean City from a federal lawsuit over a beach umbrella getting caught in the wind and impaling a woman. The lawsuit filed in June 2021 claimed that negligence on the part of the town and the …
