FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO February 20, 2023 By Manuel Baigorri FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation February 20, 2023 By William Rabb Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as...
Washington Man Ordered to Repay $127K in Workers’ Comp Scam February 20, 2023 A Washington contractor who claimed he was too injured to work despite reportedly running his own construction company was ordered...
Nevada Supreme Court Upholds Temporary Ban on Insurers Using Credit Scores February 17, 2023 The Nevada Supreme Court upheld the Nevada Division of Insurance’s temporary ban on using credit information to help set insurance...
Illinois Supreme Court: BIPA Claims Accrue With Each Scan February 17, 2023 By Ezra Amacher The Illinois Supreme Court ruled Friday that a separate claim accrues each time a business unlawfully scans or transmits an...
QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar February 17, 2023 By L.S. Howard QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio...
Two More Louisiana Residents Sentenced in Staged Auto Accident Conspiracy February 17, 2023 Two more Louisiana citizens were sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies....
Austin, Texas City Manager Fired Over Widespread Power Outages February 17, 2023 By Paul J. Weber AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage over a slow and fumbled...
PCF Insurance Secures $500M Investment February 17, 2023 PCF Insurance Services, a top 20 U.S. insurance brokerage firm, today announced that it has secured a $500 million preferred...
Jeers, Boos From Ohio Residents Enraged by Toxic Train Spill February 17, 2023 By Patrick Orsagos EAST PALESTINE, Ohio (AP) – Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding...