Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As announced in January, the two firms agreed …
A new audit says Louisiana has saved nearly $16 million in the first three years of a privatization contract for the Office of Risk Management, the state’s self-insurance agency. Gov. Bobby Jindal’s administration hired Mandeville-based F.A. Richard and Associates in …
The Oklahoma Senate has approved legislation to privatize the state’s nonprofit workers’ compensation agency. The Senate passed the measure by a vote of 36-11. It heads to the House, where a similar bill is pending. The bill by Senate President …
A plan to privatize Oklahoma’s not-for-profit workers’ compensation insurer has been approved by a House committee. A bill that would convert CompSource Oklahoma from a state entity to a private company owned by policyholders has passed through the House Insurance …
Louisiana Gov. Bobby Jindal’s administration has selected a company to offer financial advice on the governor’s proposal to privatize a state employee health insurance program, and pushed back any chance the privatization could be done this year. Jindal’s top budget …
Florida Gov. Rick Scott quickly embraced a suggestion this week by the board chairman of the state-backed Citizens Property Insurance Corp. to consider privatizing Florida’s largest insurer of business and homes. Citizens has roughly 1.4 million policies in force and …
The Supreme Court this week agreed to hear a case on the liability of employees of private companies that operate state and federal prisons, a case defense lawyers worry could open the floodgates for suits against other employees working under …
Louisiana Gov. Bobby Jindal’s top financial advisor has defended the administration’s proposal to hire a private company to run a state worker and retiree health insurance program, rebutting complaints the privatization would boost health care costs to generate short-term cash …
