American Family Insurance to Acquire Homesite Group for $616M September 6, 2013 Madison, Wis.-based American Family Insurance announced that it reached agreement to acquire direct homeowners insurer Homesite Group Inc. for an...
Florida’s Citizens Increasing Rates on Some Commercial Policies September 6, 2013 By Michael Adams Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent...
KKR to Buy Claims Technology Firm Mitchell in $1B Deal September 6, 2013 By Devin Banerjee KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy ., the first buyout...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014 September 6, 2013 By Carolyn Bandel and Oliver Suess Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for...
Tennessee Court Reinstates $43.8M Verdict for Auto Accident Victim September 6, 2013 The Tennessee Supreme Court has reinstated a $43.8 million verdict for a Memphis child who was paralyzed in an auto...
Mississippi City Nixes Storm Shelter Plans September 6, 2013 The Ocean Springs Board of Aldermen has dropped plans to pursue a $3.4 million grant to build a city storm...
Tennessee, North Carolina Football Players Sue NCAA Over Concussions September 6, 2013 Three former college football players are suing the NCAA, saying it failed to educate them about the risks of concussions...
Commercial Lines Pricing Held Steady in August: MarketScout September 6, 2013 August, traditionally a slower month for commercial property/casualty insurance renewals, was true to form as the composite rate for the...
Study Finds Big Disparities in What Insurers Pay Hospitals in Same Cities September 6, 2013 Kansas City, Missouri, and Indianapolis residents with private health plans face some of the widest disparities in U.S. hospital costs,...
Carriers Urged to End Cyber Exclusion Clause for Energy Firms September 6, 2013 Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern among global...