Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as healthier firms seek growth and efficiency savings, according to Fitch Ratings. Consolidation in the sector has stalled after a flurry …
Trov, an on-demand insurance startup, is revving up plans to enter the U.S. market in 2017, by way of a partnership with Munich Re. Munich Re, one of the world’s largets reinsurers, says it intends to provide underwriting capital and …
A bankrupt Brentwood, Tenn., company is facing a federal lawsuit over conditions at six Tennessee nursing homes. WPLN-FM reports prosecutors accuse Vanguard Healthcare LLC of earning big profits while providing “grossly substandard care.” They also accuse the company of fraudulently …
Brightway, Riverside has added Adam Plante to its Jacksonville, Fla., location. Plante has experience in contracts and sales and earned his law degree from State University of New York at Buffalo School of Law and a bachelor’s degree from State …
A jury has ordered the owners of a metro Atlanta apartment complex to pay $10 million to the family of a resident who was fatally shot last year. The Atlanta Journal-Constitution reports a jury in Clayton County reached its civil …
Atlas Insurance Management (Atlas), a Charlotte, N.C.-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state. Atlas is the first North Carolina-based captive …
Irvine, Calif.-based Burnham Benefits Insurance Services Inc. has named Meagan Felish a technology specialist. Felish has experience in online enrollment systems. Felish previously worked at Beal Benefits in Scottsdale, Ariz. Burnham is a privately held employee benefits consulting and brokerage …
Another dent has emerged in the pervasive notion that millennials do not want cars. A survey commissioned by San Francisco, Calif.-based NerdWallet and released today shows that the majority of millennials polled who own a car do not regret their …
New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal scheme to steal workers’ compensation premiums. A complaint against Berkshire Hathaway was filed with the state supreme court in Manhattan …
American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said. “We are very active in looking at any way to …
