If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe weather-related events in the state: increased …
Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest purchase. Fairfax will pay $54 per share, which is …
M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a partner in Clyde & Co.’s London …
Brentwood Services Administrators Inc. (BSA), headquartered in Brentwood, Tenn., has promoted Nick Saldana to the position of claim representative II in its Tennessee Claims Department, according to Jeff Pettus, president and chief executive officer of BSA. With increased responsibility, Saldana …
West Virginia’s attorney general has sued a pharmacy in Boone County, alleging it provided too many highly addictive painkillers over more than a decade. Attorney General Patrick Morrisey says Larry’s Drive-In Pharmacy helped fuel the state’s opioid prescription crisis by …
West Virginia Gov.-elect Jim Justice’s businesses are being sued by a flood restoration company for unpaid bills, after cleanup crews restored parts of the Greenbrier following flooding that hit parts of the state in late June. Attorneys for BMS CAT, …
A North Dakota mutual insurer with ties to the Farm Bureau is awaiting a decision from the state insurance commissioner as to whether it can proceed with a plan to convert to a stock insurance company. Nodak Mutual Insurance Co. …
Improvements to the Council Bluffs, Iowa, levee system are continuing as city officials hope to beat federal government action that could cost homeowners a boatload of cash in flood insurance. The city council approved the plans and specifications on the …
Gary J. Gruber has been promoted to president and chief operating officer of Great American Insurance Co., effective Jan. 1, 2017. Gruber will become the 17th president in Great American’s 145-year history, assuming this title from Donald D. Larson, who …
The pilot of a hot air balloon that crashed in Texas in July took medications that should have precluded him from flying, medical experts said at a federal hearing on Dec. 9. Alfred “Skip” Nichols was killed along with 15 …
