Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its push into the banking and insurance industries. The company plans to …
The article China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions appeared first on Insurance Journal.
Officials in numerous Delaware cities have asked drivers who use the ride-hailing app Uber to obtain business licenses. The News Journal of Wilmington reports that under a deal struck by Delaware and the company this year, it is unclear if …
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Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new online hub offering specialized cyber risk management and response services. CFC has partnered with several technology providers to provide clients access to risk …
The article CFC Launches Cyber Risk Portal appeared first on Insurance Journal.
When BASF SE acquired Engelhard Corp. nine years ago for $5 billion, executives unknowingly inherited a ticking legal time bomb. It all began decades ago over the seemingly mundane industrial product talc, used in everything from wallboards to handling auto …
The article BASF Case Shows How Liabilities May Emerge Long After Acquisition appeared first on Insurance Journal.
A federal judge has struck down as unconstitutional a suburban New York town’s law banning day laborers from soliciting for work on public sidewalks, declaring its broad application could affect children selling lemonade in their driveway. U.S. District Court Judge …
The article Judge Strikes Down N.Y. Town’s Day Laborer Law as Unconstitutional appeared first on Insurance Journal.
Maine State Police have issued a distracted driving summons to a man who they say crashed into a tree while taking a “selfie” with his passengers, injuring several of them. State police say Jordan Toner was driving in the town …
The article Driver’s ‘Selfie’ Attempt Causes Crash, Maine Police Say appeared first on Insurance Journal.
Cross Insurance, an independent insurance agency based in Bangor, Maine, appointed vice presidents Michael J. McInnis, Sr. and Scott S. Colford as co-leaders of its newly formed Franchised Dealer Practice that will focus on the needs of new car and …
The article Maine’s Cross Insurance Announces Leadership for Franchised Dealer Practice appeared first on Insurance Journal.
Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire Holdings Ltd. and Novae Group Plc all rallied …
The article Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers appeared first on Insurance Journal.
Voters in Fayetteville, Ark., have adopted a civil rights ordinance that would to ban discrimination based on sexual orientation or gender identity in a vote that could put the community in conflict with a state law barring such protections. Fayetteville …
The article Fayetteville Voters Approve Anti-Discrimination Measure appeared first on Insurance Journal.
Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck Grassley of Iowa and John Cornyn of Texas—have a few questions of their …
The article Hedge Fund Financing of Lawsuits Draws Interest from Senators appeared first on Insurance Journal.