Zurich and Farmers Agree to Buy MetLife’s U.S. P/C Business for $3.94 Billion December 11, 2020 Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers...
1 Worker Killed, 3 Injured by West Virginia Chemical Plant Blast December 11, 2020 By John Raby An explosion and fire at a West Virginia chemical plant that shook surrounding homes killed a plant worker and injured...
COVID, Economy, Social Inflation Warrant Negative Commercial Lines Outlook: A.M. Best December 11, 2020 U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty,...
Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering December 11, 2020 By Mark Hollmer Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and...
Missouri Construction Company to Pay $38K to Settle Pregnancy Discrimination Suit December 10, 2020 A St. Louis, Mo.-based construction company that revoked an applicant’s job offer after learning she was pregnant will settle a...
Oklahoma Seeking to Make J&J Pay $9.3B to End Opioid Crisis in State December 10, 2020 Oklahoma has asked the state Supreme Court to order Johnson & Johnson to pay more than $9.3 billion to cover...
Burnham Benefits in California Acquired by BRP Group December 10, 2020 Irvine, Calif.-based Burnham Benefits Insurance Services Inc., Burnham Gibson Wealth Advisors, Inc., and Burnham Risk and Insurance Solutions LLC has...
Hearing on California Export List Covered Record Number of Items December 10, 2020 By Don Jergler A dozen doesn’t sound like a lot, but it may be a record in the world of the California Export...
Appeals Court OK’s Suit Over Mississippi School Funding Disparities December 10, 2020 By Emily Wagster Pettus A federal appeals court has affirmed that Mississippi parents may pursue a lawsuit that says the state allows grave disparities...
Credit Ratings of Chicago’s Echelon Property & Casualty Insurance Downgraded December 10, 2020 AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating...