After two years of heavy storm-related losses, FedNat Insurance is pulling out of the Louisiana and Texas markets and doubling down on its home state of Florida. FedNat announced its decision to exit non-Florida markets during its holding company’s third …
Recent federal safety inspections of a northern Wisconsin foundry determined workplace safety failures caused two workers to suffer severe injuries. The business faces a proposed $200,895 in penalties. In May, a worker at Waupaca Foundry Inc. in Marninette lost two …
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing general underwriter Petplan. AXIS Insurance will provide underwriting …
Employer Solutions Group, LLC, a payroll services company operating in Eden Prairie, Minnesota, has agreed to pay $95,000 to resolve a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency announced last week. The EEOC’s lawsuit …
HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of the matter. The Hong …
Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation into its fund …
Another major railroad has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. BNSF Railway filed a lawsuit in Illinois federal court against its major unions over its …
Who would have thought, given what many have called a crisis in the Florida property insurance market, that an insurance company would decide it could improve its bottom line by focusing solely on the storm-plagued Sunshine State? FedNat Insurance, formerly …
The Oklahoma Supreme Court overturned a ruling that drugmaker Johnson & Johnson must pay the state $465 million for its role in the opioid epidemic, determining that Oklahoma’s public nuisance law does not extend to manufacturing, marketing and sales of …
Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New York-based insurtech stands to gain a national foothold in car insurance, …
