Court Tosses $47M Arizona Lawsuit in Cross-Median Crash May 6, 2020 A state appellate court has overturned rulings by a trial court and dismissed a lawsuit stemming from a cross-median crash...
California Lawsuit Alleges 2 Companies Inflated Gas Prices May 6, 2020 California sued two multinational gasoline trading companies Monday, alleging they ran a scheme that jacked up prices at the pump...
AXIS Gets AM Best Ratings Downgrade on ‘Deterioration’ of Operating Performance May 6, 2020 AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its...
Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience May 6, 2020 The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform...
IMA Financial Group Completes Acquisition of ESS NexTier Insurance Group May 6, 2020 IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has...
Temporary Licensing Process Implemented for New Jersey Insurance Producers May 6, 2020 The New Jersey Department of Banking and Insurance (DOBI) has implemented a process for issuing temporary licenses to eligible individuals...
Explosion at Anglo American Coal Mine in Australia Injures 5, Halts Production May 6, 2020 An explosion halted production on Wednesday at a coal mine run by Anglo American in Australia’s northeastern state of Queensland,...
MGA Platform OneAdvent Buys Property MGA Modus from CFC Underwriting May 6, 2020 OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on...
Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz May 6, 2020 Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer...
Louisiana’s Donelon Asks Commercial Auto Insurers to Offer COVID-19 Relief May 6, 2020 Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the...