To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives funding primarily …
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Carmel, Indiana. Terms of the deal …
A program that helps people rebuild homes that were damaged or destroyed in West Virginia’s 2016 flood is being affected by the partial federal government shutdown. The Charleston Gazette-Mail reports a statement from the West Virginia National Guard, which oversees …
A few comic books from a stolen Batman collection worth $1.4 million have been recovered after an arrest in Arizona. News station ABC-15 in Phoenix reports that police charged Phillip Weisbauer of Royal Palm Beach, Florida, with theft and trafficking …
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants. Attorneys general of 46 U.S. states announced the settlement agreement in …
Jacksonville, Fla.-based Brightway Insurance has added Max Staplin as its in-house counsel and member of its executive leadership team. In this new role, Staplin will oversee all legal and compliance matters for the company. According to Brightway Co-Founder and CEO …
Republican Florida Gov. Ron DeSantis criticized the Legislature’s implementation of a medical marijuana law and said last week that if they don’t fix it quickly, he’ll take matters into his own hands. DeSantis wants a new law by mid-March that …
California’s deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After “two significant years in a row of losses, I think the discussion and the debate about the environment is pretty broad and pretty …
California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the 25th anniversary of …
Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net income rose to $621 million from $551 …
