State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has acquired an insurance company, the company said. …
Most people in the cannabis space expect CBD to be big, but a new report highlights the potential of the cannabis product, which has some in the insurance community already stepping up their game. New Frontier Data on Thursday issued …
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
NBIS, a provider of specialty construction insurance and risk management will now offer coverage for the specialized transportation/heavy haul industry through a new market parntnership with the member companies of reinsurer SCOR. The specialized transportation business is defined as open …
The U.S. Department of Agriculture has estimated that 550,000 acres of Iowa corn will not be harvested this fall due to damage caused by the Aug. 10 windstorm that swept across the state. That estimate in a report released on …
The family of a worker killed in 2018 when a nearly 2,000-foot tall TV tower in southwest Missouri collapsed is suing Missouri State University for wrongful death. The April 19, 2018, tower collapse happened in Fordland, killing 56-year-old Steve Lemay, …
Kenosha, Wisconsin’s fire chief says damage from the unrest over the police shooting of Jacob Blake has now topped $11 million. Fire Chief Charles Leipzig told the Police and Fire Commission the record fire loss came in the days following …
A “crane collision” on Sept. 16 injured nearly two dozen people in a rapidly growing neighborhood in Austin, Texas, authorities said. Austin-Travis County EMS reported there were at least 22 injuries. Sixteen people were transported to the hospital, ATCEMS said …
Liberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America. Orloff replaces Shaun Kelly, who the company said has decided to leave the company. Kelly was named president of GRS …
Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been named chairman and chief executive officer of RSG Underwriting Managers and Matt Nichols has been named president. Both Nick Cortezi …
