Mercury General Corp. this week reported a first-quarter loss of $139.2 million, after reporting a profit in the same period a year earlier. The Los Angeles-based company said it had a loss of $2.51 per share. Earnings, adjusted for investment …
Exor, the holding company of Italy’s Agnelli family, said on Tuesday it would retain control of Bermuda-based reinsurer ParnerRe after French insurer Covéa said it could no longer buy the firm under the agreed terms. Exor earlier this year entered …
Storms with high winds swept through Tennessee knocking down trees and power lines, causing one death and leaving more than 100,000 customers without power, officials said. The storms Sunday caused one of the largest power outages on record in Nashville, …
San Francisco-based children’s clothing boutique Mudpie Inc. has filed a class action lawsuit on behalf of California-based retail stores against an insurance provider, saying the small businesses were wrongfully denied coverage for losses resulting from government-mandated public health shutdowns related …
Heffernan Insurance Brokers has acquired Contractors Insurance NW in Olympia, Wash. Heffernan purchased the assets of CINW to join HeffDirect, a division of Heffernan Insurance Brokers CINW offers commercial insurance for contractors in Washington, Oregon, California, Idaho, and Texas,. Walnut …
An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers’ compensation insurers to pay at least some COVID-19 claims. Pressure is growing on workers’ compensation …
Oklahoma Attorney General Mike Hunter has refiled lawsuits against three opioid distributors in one of the state’s counties hit hardest by the opioid epidemic. The litigation previously filed as one case in Cleveland County was refiled as three separate cases …
Craig Johnson, chief executive officer of Florida-based FCCI Insurance Group, has been terminated and removed as an officer and board member of the company following an incident with police in a Sarasota restaurant. The termination came two days after the …
The Alabama Supreme Court on Friday upheld the dismissal of lawsuits challenging the use of traffic cameras to ticket motorists. The lawsuits were filed by motorists who received tickets from traffic cameras in Midfield, Center Point and Opelika. The suits …
Reliance Partners has added Thom Albrecht as chief financial officer and chief revenue officer. Albrecht is a 32-year veteran of the transportation space and served most recently as chief commercial officer and chief financial officer with Celadon Group. Prior to …