Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal Staff Reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
California Wildfire Grows to 575 Square Miles, Destroying at Least 100 Structures July 29, 2024 At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico,...
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s July 29, 2024 By Swetha Gopinath and Dinesh Nair A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius...
Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V. July 29, 2024 Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group....
Judge Finalizes Order to Stop Florida’s ‘Stop Woke Act’ July 29, 2024 TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov....
Bankrupt Steward Health to Close Two Massachusetts Hospitals July 29, 2024 By Dietrich Knauth Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them,...
Update: Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B July 29, 2024 By L.S. Howard Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Aspen Promotes Dunleavy to Group President, Succeeding Coleman July 29, 2024 Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive...