Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity. While factories, shops, hotels and restaurants are warning about plunging foot traffic that is transforming city centers into ghost towns, behind the closed doors …
For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted in bad faith by using the Mitchell Decision Point program when calculating the value of a Colorado policyholder’s underinsured motorist …
Rating firm AM Best said it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including the central government’s announcement to undertake all medical expenses related to …
AM Best has downgraded the Long-Term Issuer Credit Rating to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of Crusader Insurance Co. The outlook of the Long-Term ICR has been revised to stable from negative while …
A federal judge refused to dismiss conspiracy and bribery counts against a North Carolina insurance magnate and two associates, allowing the case to move toward a February trial. Lawyers for Greg E. Lindberg, John Gray and John Palermo had argued …
Cincinnati, Ohio-based Great American Insurance Group has promoted Carol Sipe to senior vice president within its Property/Casualty Group. Since 2009, Sipe has served as president of Summit, a provider of workers’ compensation insurance coverage in the southeastern United States. She …
Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC have entered into a definitive agreement for the sale of Hilltop subsidiary, National Lloyds Corp. (National Lloyds), to Align in an all-cash transaction valued at approximately $150 million, subject to post-closing …
A second worker has died of injuries from a Central Texas oil well blowout, the company said. Chesapeake Energy spokesman Gordon Pennoyer said the worker died Thursday evening at a hospital. Another worker was killed in Wednesday’s blowout at a …
A Kansas company pleaded guilty Friday to violating clean air rules and is expected to pay a $1 million fine for its role in a chemical gas cloud that formed over Atchison in 2016, causing more than 140 people to …
The U.S. Department of Housing and Urban Development has allocated nearly $109 million in federal funds in the aftermath of last year’s devastating historic floods, a news release from the agency said. The Community Development Block Grant Disaster Recovery funds …
