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Texas Legal Insurance Plan Joins Independent Agents Group
Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT). Legal insurance covers legal expenses much like …
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Georgia Tackles Changing Behavior of Repeat DUI Offenders
In courtrooms around the country, judges are teaming up with prosecutors, defense attorneys, parole officers and substance abuse counselors to make long-term changes in the behavior of people with multiple arrests for impaired driving. DWI or DUI courts are among …
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Engle Martin Closes Acquisition of Eberl in Colorado
Engle Martin & Associates has completed its acquisition of a majority share of Eberl’s Claim Service Inc. of Lakewood, Colo. and its related companies. Eberl provides catastrophe loss adjusting and claims-related services with a focus on residential and automobile insurance …
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U.S. Chinese Drywall Victims Face China’s Legal Wall of Immunity
More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit served on the State-Owned …
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Homes, Vehicles Flooded in Sioux Falls
More than half a foot of rain fell in parts of Sioux Falls, S.D., leading to flash flooding that inundated basements, stranded dozens of motorists and cut electricity to thousands of homes. Mayor Mike Huether said infrastructure improvements in recent …
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Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate
In its most recent Reinsurance Market Report Willis Re, the reinsurance division of Willis Group Holdings plc, notes: “Faced with significant over-capacity and widespread pricing pressure, the growth in global capital dedicated to reinsurance has stabilized during the first half …
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China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
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 …
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Delaware Cities Tell Uber Drivers to Obtain Business Licenses
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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CFC Launches Cyber Risk Portal
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 …
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BASF Case Shows How Liabilities May Emerge Long After Acquisition
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 …
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