Jury Orders Pork Producer to Pay $473.5M in North Carolina Nuisance Lawsuit August 20, 2018 By Alex Derosier and Emery P. Dalesio A federal jury decided Aug. 5 that the world’s largest pork producer should pay $473.5 million to neighbors of three...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year August 6, 2018 May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping...
Kansas Commissioner Sues Over Governor’s $8M Fund Grab August 6, 2018 The Kansas insurance commissioner seeking the Republican gubernatorial nomination is trying to prevent Gov. Jeff Colyer from taking $8 million...
ReliaMax Dropped from Texas’ Eligible Surplus Lines List August 6, 2018 Following its placement into liquidation by the South Dakota Division of Insurance in late June, the Texas Department of Insurance...
South Dakota Moves to Liquidate Surety Insurer ReliaMax August 6, 2018 ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned...
Frontline Insurance Secures First Cat Bond of $350M for Southeast Storms August 6, 2018 Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd....
AF Group Drives into Commercial Auto with Fundamental August 6, 2018 By Stephanie K. Jones Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance...
Lyft to Beef Up Background Checks Following Driver Arrest August 6, 2018 By Paul Elias Ridesharing company Lyft is beefing up its background checks after a driver arrested for rape was found to be in...
Security First Enters Florida’s Growing Private Flood Market August 6, 2018 By Amy O'Connor A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than...
Study Warns of Cyber Hacking Risk to Firms Using SAP, Oracle Management Software August 6, 2018 By Eric Auchard At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by...