Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as profitable as they were in 2013, they …
ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, …
NationsBuilders Insurance Services, Inc. (NBIS), a provider of specialty construction insurance and a portfolio company of SunTx Capital Partners, has added workers’ compensation coverage from an A+ A.M. Best rated carrier for heavy construction industries. Workers’ compensation coverage is offered …
Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing alleged “widespread fraud” and “unjust denials” …
A Portland, Ore. man burned when a hash oil operation exploded has filed an $11 million product liability suit against makers and distributors of the butane canisters he was using. The suit says 28-year-old Kevin Tveisme (TWEYES’-may) was burned over …
A California man was arrested in Arizona on charges that he scammed hundreds of people in three states in a fire insurance inspection scheme. Robert Musich, 46, was being held on bond following his arrest in Lake Havasu City. Musich, …
A hard-fought bill to regulate ridesharing companies such as Uber and Lyft got the green light from Nevada lawmakers in the wee hours of Saturday morning, after weeks of behind-the-scenes negotiations, several public failures for Uber and a marathon workday …
Massive storm systems that pushed through the South Central United States and northern Mexico over the Memorial Day weekend have left behind a path of devastation and destruction. A tornado raged through a Mexico border city shortly after daybreak on …
Edgewood Partners Insurance Center has added Courtney Pino as a commercial insurance broker/producer and has moved into its new Reno, Nev. offices. Pino will be responsible for new business development and the design and management of insurance and risk management …
The Texas Senate has voted to bar law enforcement from giving the media the names of people involved in traffic accidents. The move came on a bill to protect accident victims from being harassed by lawyers seeking to file lawsuits. …
