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Allstate to Acquire Identity Theft Protection Firm InfoArmor

The Allstate Corp. has agreed to acquire InfoArmor, a provider of employee identity protection, for $525 million in cash. The insurer said it sees “significant opportunity to cross sell” the new product through its own Allstate Benefits customer relationships and …

Two in Serious Condition After Being Rescued from Massachusetts Plane Crash

Authorities say two people were seriously injured when a plane crashed near a small airport south of Boston, Mass. NBC Boston reports the small plane crashed near Cranland Airport in Hanson on Thursday afternoon and left two people trapped in …

Massachusetts Regulators Approve Testing Labs, Moving First Pot Sales Closer

Massachusetts marijuana regulators have approved licenses for two independent testing labs, a move that could help clear the way for the first retail pot shops in the eastern U.S. to open soon. The Cannabis Control Commission on Thursday voted to …

Lagging on Safety System, New Jersey Transit Nixed for Federal Grant

New Jersey Transit has been rejected for additional federal money as it scrambles to install a required safety system by year’s end. The Federal Railroad Administration on Thursday announced more than $200 million in grants for 28 railroads to implement …

Airbnb Sues New York City to Block User-Data Bill Over Privacy

Home-rental providers Airbnb Inc. and HomeAway are suing New York City over a recently passed law that allows the collection of data on the websites’ hosts, claiming the ordinance violates users’ constitutional rights. Airbnb is hoping to avoid millions in …

Why Insurance Agencies at Crossroad Are Turning to Aggregators: Viewpoint

Even as they look back on several years of steady growth and success, many owners of independent insurance agencies now find themselves at a crossroad where they are pressed to make critical strategic decisions about the future of their firms. …

The Co-operators Offers Storm Surge Insurance to Homeowners in Atlantic Canada

The Co-operators Group Ltd. is offering storm surge insurance to homeowners in the provinces of Atlantic Canada: New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador. Most recently released in Nova Scotia, The Co-operators Comprehensive Water insurance is …

Senate Republicans Prepare Pre-Existing Condition Bill in Case Obamacare Nixed

Ten Senate Republicans have introduced legislation that would reinstate Obamacare rules that prohibit insurers from turning away people with pre-existing conditions if a new lawsuit that seeks to invalidate the healthcare law succeeds. The legislation comes two weeks before oral …

UK’s GoCompare.com Attracts Interest From KKR, Other Private Equity Firms

GoCompare.com Group Plc attracted takeover interest from potential acquirers, including private equity firm KKR & Co., in recent weeks, according to people familiar with the matter. The U.K. insurance comparison company and its board decided to stay independent after holding …

Canada Should Require Stronger Rail Cars for Crude Before 2025 Deadline: Official

Canada ought to require stronger tank cars for transporting flammable liquids sooner than the current deadline in 2025, Transportation Safety Board Chair Kathy Fox said on Thursday, noting that crude-by-rail shipments are expected to rise in the country. “We understand …

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