MGU SageSure Secures $125M in Bank Financing to Support Continued Growth Plans September 27, 2021 SageSure, a tech-driven managing general underwriter focused on costal residential property markets, raised $125 million in bank financing meant to...
Markel Offers Accelerated Return of Capital to Investors in 2 CATCo Funds in Runoff September 27, 2021 Markel Corp. and Markel CATCo Investment Management Ltd. (MCIM) announced the terms of a buy-out transaction that provides an accelerated...
Why China Evergrande’s Debt Problems Pose Systemic Risk September 27, 2021 China Evergrande Group has missed a dollar bond interest payment deadline, moving closer to a potential default and fueling worries...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake September 27, 2021 Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance...
People Moves: CMR in California Creates New Executive Team; IC International Names Shigemura Executive VP September 27, 2021 CMR Risk and Insurance Services Inc. of San Diego, Calif., announced the creation of a new executive leadership team. The...
McVey Named Next West Virginia Insurance Commissioner September 27, 2021 Allan L. McVey has been appointed as West Virginia’s insurance commissioner. Gov. Jim Justice announced McVey’s appointment Wednesday. McVey fills...
Report: California Independent Medical Review Volume Declined Through 1st Half of 2021 September 24, 2021 The number of independent medical reviews used to resolve California workers’ comp medical disputes hit a record low in the...
Suspected Arson Wildfire Forces Evacuations in Northern California September 24, 2021 Thousands of people were under evacuation orders Friday and many others were on notice to be ready to flee as...
California Commissioner Orders FAIR Plan to Offer Increased Coverage September 24, 2021 California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its...
Dallas Trucking Company Sued for Disability Discrimination September 24, 2021 A Dallas-based trucking company violated federal law when it refused to hire applicant after learning he had taken medical leave...