The National Insurance Crime Bureau (NICB) says today’s vehicles are loaded with expensive parts and technology that do more than increase the costs of repairs, even in minor accidents. The organization says those same expensive parts are continuing to drive …
A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in Peak Reinsurance Holdings Ltd., the sole shareholder of Hong Kong-based Peak Reinsurance Co. Ltd. Prior to the transaction, Fosun International …
European gas trading platform Pegas said it is developing temperature products, which if approved could go live next year and help energy operators hedge weather risks. “A final plan will be presented to the exchange’s top management in the third …
SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited. Effective immediately, SafeWaters will …
As climate-change lawsuits against the oil industry mount, Exxon Mobil Corp. is taking a bare-knuckle approach rarely seen in legal disputes: It’s going after the lawyers who are suing it. The company has targeted at least 30 people and organizations, …
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S. plaintiffs’ attorney told Reuters. …
Appalachian Underwriters, Inc. is has hired workers’ compensation underwriter Alon Cohn to its Sanford, Fla., office. Cohn will focus on the production of new workers’ compensation business in the Southeast region, including Alabama, Florida, Georgia, Mississippi, and Tennessee. Previously a …
A former chief financial officer of a Louisville insurance company has been sentenced to 37 months in federal prison for tax evasion and embezzlement. A federal judge ordered 63-year-old Sylvia R. Smith to pay $674,093 in restitution during the sentencing …
A white West Virginia police officer who was fired after he refused to shoot a black man who had a gun has settled a lawsuit for $175,000. The American Civil Liberties Union of West Virginia announced the settlement with the …
Insurance complaints decreased again in 2017 and remained last of the top 10 consumer complaint categories, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs. The number of consumer complaints in 2017 related to insurance …
