Global Insurance M&A Deals Total Value Soars, Volume Dips in First Half October 31, 2018 Deal value for global insurance mergers and acquisitions was up $44.4 billion in the first six months of 2018, driven...
Kentucky AG Files 8th Opioid Lawsuit Against Pharmaceutical Company October 31, 2018 Kentucky Attorney General Andy Beshear has sued a pharmaceutical company, accusing it of contributing to the state’s opioid epidemic. Beshear...
Most of Southeast Mostly Drought-Free But Alabama, Georgia Worsening October 31, 2018 The Southeastern United States is mostly free of drought, but a new federal assessment shows conditions are worsening slightly in...
A.M. Best Upgrades Ratings of Workers’ Comp Insurers Retail First, BusinessFirst of Florida October 31, 2018 A.M. Best has upgraded the financial strength ratings of two workers’ compensation insurers based in Florida. RetailFirst Insurance Co. and...
RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal October 30, 2018 By Andrew G. Simpson Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio...
Waymo Cleared to be First in California for Testing Without Backup Driver October 30, 2018 By David Shepardson and Alexandria Sage Alphabet Inc.’s Waymo unit on Tuesday became the first company to receive a permit from the state of California to...
Cascade Insurance Agency in Washington Merges with Leavitt Group October 30, 2018 Oak Harbor, Wash.-based Cascade Insurance Agency merged operations with Leavitt Group Northwest. Terms of the deal were not disclosed. Shelli...
Embracing Change Key to 100 Years for California-based Woodruff Sawyer October 30, 2018 By Don Jergler When encountering a centenarian one often asks their secret to longevity. Embrace change. That’s was the secret Andy Barrengos, CEO...
Texas Workers’ Comp Division Proposes New Carrier Reimbursement Forms October 30, 2018 The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting comments on five newly proposed forms to help...
2 Charged With Selling Fake Insurance in Michigan October 30, 2018 Two people in Michigan face felony charges filed by the state’s attorney general for allegedly selling fraudulent insurance to customers....