Equifax Breach Could be Costliest Yet at $439M; Insurance to Cover $125M March 4, 2018 By Jim Finkle and John McCrank Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year,...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion March 4, 2018 By Fabio Benedetti-Valentini and Matthew Monks AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of...
Colorado Firefighter Sues Employer for Bias and Harassment March 2, 2018 A Colorado firefighter has filed a lawsuit accusing her employer of gender discrimination and sexual harassment. The Grand Junction Daily...
State Auto Sells Rockhill’s General Liability, Gas Distribution Business to K2 Insurance March 2, 2018 State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its...
Gas Leaks Tied to Explosion Stop Service to Thousands in Dallas March 2, 2018 Natural gas service will be shut down to thousands of Dallas homes following a series of leaks that has brought...
Issuer Credit Rating of Wisconsin’s McMillan-Warner Mutual Downgraded March 2, 2018 A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength...
Midwest Business Conditions Index Rose in February: Report March 2, 2018 A business conditions index for nine Midwestern and Plains states rose over the past month, pointing to continued improvement in...
Lorusso, Dunckel to Fill Deputy Posts at Louisiana Insurance Department March 2, 2018 Louisiana Insurance Commissioner Jim Donelon has appointed Nicholas “Nick” Lorusso as chief deputy of the Louisiana Department of Insurance (LDI)...
Missouri’s Valley Insurance Agency Alliance Adds 4 Team Members March 2, 2018 St. Louis, Missouri-based Valley Insurance Agency Alliance (VIAA), with 100 independent insurance agency members in Missouri and Illinois, recently hired...
TWFG Expands Flood Offerings in Texas via Lloyds of London Syndicate March 2, 2018 The Woodlands Financial Group (TWFG) has expanded flood insurance products to the state of Texas in partnership with syndicated members...