S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims July 2, 2020 Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to...
Novartis Pharmaceuticals Agrees to Pay $678M to Settle Doctor-Bribe Claims July 2, 2020 By Jef Feeley Novartis Pharmaceuticals Corp. agreed to pay $678 million to resolve a whistle-blower case accusing the company of paying kickbacks to...
Policygenius Adds Google’s Garr as VP of P&C Operations in North Carolina July 2, 2020 Online insurance marketplace Policygenius has made its first executive hire for its North Carolina headquarters. Erik Garr, who established Google...
USI Closes Acquisition of Associated Benefits & Risk Consulting July 2, 2020 USI Insurance Services (USI), headquartered in Valhalla, N.Y., has completed its acquisition of Associated Benefits & Risk Consulting (ABRC) from...
First Washington Employer Cited for Ignoring Governor’s Safe Start Order July 1, 2020 A fitness center near Yakima, Wash. is facing nearly $10,000 in fines for operating in violation of Gov. Jay Inslee’s...
Just Auto in California Secures $5.7M Seed Financing Led by ManchesterStory July 1, 2020 Los Angeles, Calif.-based SF Insuretech Inc., the parent company of Just Auto Insurance, on Wednesday announced a $5.7 million seed...
California Commissioner Launches Diversity Initiative, Names COIN Board Members July 1, 2020 California Insurance Commissioner Ricardo Lara on Wednesday announced the launched an “Invest in Our Diverse Communities” initiative to identify diverse...
Mayor in Savannah, Georgia Implements Strict Mask Policy for Businesses, Public Places July 1, 2020 By Russ Bynum The mayor of Savannah said Tuesday he’s ordering people to wear masks inside retail shops, grocery stores and other public...
Hilltop Holdings Completes Sale of National Lloyds to Align Financial July 1, 2020 Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC (Align) announced the completion of the sale of Hilltop’s wholly owned...
Fort Worth P/C Insurer, Hallmark Financial, Reports $34M Loss July 1, 2020 Hallmark Financial Services Inc. (HALL) has reported a loss of $34 million in its fourth quarter. The Fort Worth, Texas-based...