Protector Holdings has acquired Brea, Calif.-based Peartree Insurance Services. Terms of the deal were not disclosed. Peartree specializes in providing insurance services to Hispanic consumers. Protector Holdings in 2013 acquired Premier Insurance Services, which targets the Hispanic community. Peartree will …
Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35 years’ experience …
While charges of employment discrimination against employers are declining overall, claims alleging retaliation against an employee for involvement in a complaint reached a record high in fiscal year 2014. According to an Equal Employment Opportunity Commission (EEOC) review of the …
Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage. The growth of insurance-linked products that allow investors …
The National Transportation Safety Board is investigating the fiery rush-hour crash of a New York commuter train in Westchester County that killed six people, the deadliest accident in Metro-North Railroad’s history. The Metropolitan Transportation Authority, a state agency that runs …
A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States. The excess payments represented between 13 percent and 17 percent of total …
A single word of testimony at a medical-malpractice trial has cost a Pennsylvania lawyer a nearly $1 million fine she says threatens her home, her family and her small law firm. Insurance defense attorney Nancy Raynor says her assets have …
Progressive has partnered with OnStar Corp. to bring its usage-based insurance program, Snapshot, to OnStar customers. Starting this summer, buyers of 2016 and most 2015 General Motors vehicles will have the option to have their driving data gathered by the …
A northbound Metro-North Railroad train ferrying commuters from New York City struck a car during evening rush hour Tuesday in New York’s Westchester County, killing at least six people. Among the dead were passengers from the train and the female …
Allstate Insurance Co. agreed to settle a 2011 lawsuit accusing Morgan Stanley of fraud over more than $100 million worth of mortgage-backed securities in which the insurer invested. The largest publicly traded U.S. home and auto insurer sued Morgan Stanley …
