National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies …
Recreational marijuana is becoming legal in Massachusetts. Legal, but not readily available. The ballot question approved by voters Nov. 8 is scheduled to go into effect Thursday, allowing adults to have limited quantities of marijuana for recreational purposes and grow …
The International Insurance Society (IIS) has chosen Nikolaus von Bomhard, chairman of the board of management of Munch Re, as the 2017 Insurance Hall of Fame Laureate. The Insurance Hall of Fame honors insurance standouts who have made a broad, …
New York City officials are blaming a crane collapse that killed a man in lower Manhattan in February on operator error. The city Department of Buildings said Friday the crane operator failed to secure the 565-foot crane the night before …
Federal prosecutors in Pittsburgh have charged 18 people in 13 separate indictments with fraudulently obtaining prescription painkillers from government insurance programs then re-selling them on the street. Most of the indictments unsealed Friday deal with illegal prescriptions for oxycodone and …
Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc, as he sought to convince a federal judge to approve the deal. The …
Ten months after its last chief executive officer departed, the national organization of state insurance regulators has named former Pennsylvania Insurance Commissioner Michael F. Consedine as its new CEO. Consedine will assume the job in early 2017. As the new …
Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it agreed to pay $36.1 million for an 85 percent stake …
Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian market. Global buyers have been drawn to the broader Australian insurance sector, where …
North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North Carolina insurers, which in 2014 sought an average 25 percent increase in …
