Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
Ex-Michigan Governor Must Testify in Flint Water Civil Trial March 24, 2022 Former Michigan Gov. Rick Snyder and several other officials must testify in a civil trial involving engineering firms being sued...
Louisiana to Receive $1.7 Billion in HUD Disaster Grants March 24, 2022 Three Gulf Coast states are getting $1.9 billion in federal grants to help recover from hurricanes and floods over the...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Tornado Strikes New Orleans as Storms Move Into Deep South March 24, 2022 By Rebecca Santana and Acacia Coronado A tornado tore through parts of New Orleans and its suburbs Tuesday night, ripping down power lines and scattering debris...
Citizens: Underwriting Losses, but $81M in Net Income Thanks to Investments March 24, 2022 By William Rabb Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’...
Court Denies Insurer Use of Multiple Exclusions to Dodge Defending Insured March 24, 2022 By Andrew G. Simpson Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression...
Former Licensed California Agent Faces Felony Insurance Fraud Charges March 24, 2022 Formerly licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after...
Amazon Cited for Unsafe Work Practices at Washington Fulfillment Center March 24, 2022 Amazon is facing a willful serious violation and a $60,000 fine for knowingly putting workers at risk of injury at...
Rhode Island Doctor Faces More Allegations by Labor Department March 24, 2022 Federal labor officials are seeking a restraining order to bar a North Providence doctor from retaliating against a former employee...