A British diver who is suing Tesla CEO Elon Musk for defamation can’t recover damages because the diver allegedly started the spat and his reputation hasn’t been harmed, a new attorney for Musk says in a court filing. Vernon Unsworth …
After 30 years as a workers’ compensation insurance carrier in New England, A.I.M. Mutual has announced its expansion of coverage to Maine. Already serving Massachusetts, New Hampshire, Vermont and Connecticut, this move for 2019 extends A.I.M. Mutual’s operational territory across …
A Maryland man pleaded guilty Tuesday to embezzling up to $1.5 million in upscale wine from customers who paid him to store the bottles, which he sold without their knowledge. A plea agreement calls for William Lamont Holder, 54, of …
Generali, Italy’s biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali’s solvency ratio, a key measure of financial strength, stood at 207% at the …
Wholesale insurance broker and underwriting manager, Burns & Wilcox, has added Saul Garcia to its management team as director of Marketing in Texas. The new role was created to support the company’s recent growth in the region and provides opportunity …
Patrick Moore has joined Lockton as senior vice president and employee benefits consultant for Lockton Midwest with his primary office in Chicago. He brings more than 25 years of experience in the insurance industry focusing on employee benefits. Moore will …
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Specialty Risk of America (SPRISKA) in Springfield, Illinois. SPRISKA is a holding …
Highland Insurance Solutions has launched a new equipment product for contractors. The new policy form offers broad protection and scheduled or blanket reporting coverage. Highland’s new contractors equipment coverage features include: Up to $10 million loss limits $5,000 minimum premium …
Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has expanded into Florida and has added two Miami agencies to the group, as well as made two senior appointments in the region. The two Miami-area agencies – NEA …
Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general, according to a recent report by Milliman. The subrogation litigation is being brought by the Mississippi attorney …
