The Woodlands Insurance Co. (TWICO) has completed a renewal rights agreement with Florida’s Gulfstream Property & Casualty Insurance Co. (Gulfstream) to acquire Gulfstream’s book of homeowner business in Texas. The transaction will result in the transfer of approximately $4 million …
Gemini Financial Holdings Corporation (GFHC), the parent company of Olympus Insurance Company, has hired Steve Bitar, former chief of Underwriting and Agency Services for Citizens Property Insurance Corporation, will officially join Olympus on April 20, 2020, as chief executive officer …
India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is working with the Swiss bank …
The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin. Paying out roughly £25.5 million (US$31.7 million) in premiums …
Arizona’s top prosecutor has ordered a Phoenix, Ariz., dispensary to stop marketing its products as treatments for the coronavirus. Attorney General Mark Brnovich says he sent a cease-and-desist letter to YiLo Superstore Dispensary on Friday over claims of having a …
The daughter of a woman who died of a suspected coronavirus case at a Seattle-area nursing home connected to dozens of COVID-19 deaths is suing the company that owns the Life Care Center of Kirkland. The Life Care Center has …
An earthquake with a preliminary magnitude of 5.2 rattled the remote California-Nevada state line but no damage or injuries were reported. The quake just struck after 7:36 a.m. Saturday and was centered near Bodie, a former gold-mining town that is …
A $10 million award allotted in the death of a Pennsylvania woman following a spinal surgery was voided after the court determined the amount is not in line with others granted in similar medical malpractice cases. The state ordered a …
Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast, has welcomed two Massachusetts-based insurance agencies to its network. Get One Insurance is based in Lynn, Mass., and owned by Jannete Nieto. The agency offers …
Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well. The property/casualty insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled …
