Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If closing tangible book value is unchanged from June 30, 2018, Tokio …
Alphabet Inc.’s Waymo unit on Tuesday became the first company to receive a permit from the state of California to test driverless vehicles without a backup driver in the front seat, the state’s Department of Motor Vehicles said. California said …
Oak Harbor, Wash.-based Cascade Insurance Agency merged operations with Leavitt Group Northwest. Terms of the deal were not disclosed. Shelli Trumbull will join Sue Blouin and Bonnie Wallin in Leavitt Group’s Oak Harbor office. With this merger, the combined agency …
When encountering a centenarian one often asks their secret to longevity. Embrace change. That’s was the secret Andy Barrengos, CEO of Woodruff Sawyer, shot back to the question without hesitation. Barrengos, 54, is himself barely halfway to the 100-year-mark. However, …
This post is part of a series sponsored by CoreLogic. Most people understand that the goal of a homeowner’s policy is to restore a home and possessions to the way they were should a catastrophic (CAT) event, such as a …
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting comments on five newly proposed forms to help insurance carriers submit requests for reimbursement from the Subsequent Injury Fund (SIF). Use of these forms will be voluntary. The …
Two people in Michigan face felony charges filed by the state’s attorney general for allegedly selling fraudulent insurance to customers. The charges are the result a joint investigation by the Child, Elder, and Family Financial Crimes Division at the Michigan …
The owner of a Columbus, Ohio, cleaning company who continued to run his business after his workers’ compensation insurance lapsed in 2010 has paid more than $43,000 in restitution to the Ohio Bureau of Workers’ Compensation (BWC), the insurer announced. …
The operator of a gas well that exploded in southeastern Oklahoma used a cheaper and quicker drilling plan than experts advised, the latest court filings in two lawsuits allege. Amendments filed earlier this month to the wrongful death lawsuits filed …
The Illinois Department of Transportation has begun a statewide initiative among multiple government agencies to develop a testing program for connected and autonomous vehicles. Gov. Bruce Rauner signed an executive order last week directing IDOT to develop a program called …
