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Applied Underwriters Sold to Founder in $920M Deal

Applied Underwriters Inc. and its subsidiary North American Casualty Co. has reportedly been acquired by Applied Underwriters founder Steve Menzies, who was joined in the acquisition by the Quasha Group led by Quadrant Management. The deal is valued at $920 …

Pillsbury Names Giller Partner in Los Angeles, Brings Focus on Sports-related Claims

Richard Giller has joined Pillsbury’s insurance recovery and advisory team in Los Angeles, Calif. Giller’s practice is concentrated on the recovery of insurance benefits on behalf of both corporate and individual clients across the country. He has a reputation for …

North Carolina to Create Program to Help Dorian Victims After FEMA Rejection

Gov. Roy Cooper aims to create a state-funded program to help residents in four North Carolina counties recover from Hurricane Dorian after the federal government declined a request for assistance targeting them. The Federal Emergency Management Agency this week told …

Timber Farmers in Florida Panhandle Face Tough Choices Year After Michael

The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty Florida Panhandle road. …

Formosa Plastics Agrees to Pay $50M to Settle Texas Water Pollution Suit

Petrochemical manufacturer Formosa Plastics has agreed to pay $50 million to settle a lawsuit in which a judge ruled the company illegally dumped billions of plastic pellets and other pollutants into Lavaca Bay and other waterways, according to the settlement. …

Illinois Bill Would Require Lab Testing of CBD Items Sold in State

A proposed bill would require all CBD products sold in Illinois to meet testing requirements that would be developed by the state Department of Agriculture. CBD is a cannabis extract that does not cause a high but is marketed as …

Nearly 2,000 Competitive Racing Pigeons Killed in Indiana Fire

A fire at a northern Indiana facility has killed nearly 2,000 racing pigeons from around the world that were housed there for a race. Hoosier Loft owners Jim and Kelly Ward say the fire swept through the loft late Saturday …

Michigan’s Kapnick Insurance Expands Ownership, Welcomes New Partners

Ann Arbor, Michigan-based Kapnick Insurance Group is formally expanding its ownership base beyond the Kapnick family for the first time in the company’s 73-year history. Key employees who have made significant contributions to the organization’s success have been recently invited …

Credit Rating of Texas’ Pinnacle National Insurance Co. Upgraded

AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of Pinnacle National Insurance Co. (Pinnacle National, formerly Alterra America Insurance Co.) in Bedford, Texas. The outlook of …

Suit Challenges Michigan Insurance Director Fox over $250K Benefit Cap

The administrator of a plan that covers the medical expenses of uninsured non-drivers who are injured in car crashes is suing the state of Michigan, alleging that a regulator’s recent orders conflict with the state’s new auto insurance overhaul. The …

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