Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing uncertainty created by the COVID-19 crisis. During the first …
Summit Insurance Agency LLC, in Moorhead, Minnesota, has joined Midwest Insurance Agency Alliance Inc. (MIAA), a network of insurance agencies across seven states. A full-service insurance agency, Summit Insurance serves families and businesses in the Moorhead, Minnesota, and Fargo, North …
Irving, Texas-based managing general agent specializing in low cost auto insurance, Bluefire Insurance, said it will provide approximately $2.7 million dollars in rate relief to assist policyholders with financial hardships in Louisiana. In response to the turbulent times brought on …
Wisconsin Insurance Commissioner Mark Afable has filed a petition and proposed court order that would allow the Wisconsin Office of the Commissioner of Insurance (OCI) to place Time Insurance Co. in rehabilitation. Time Insurance has close 200,000 policyholders for long-term …
Severe weather caused injuries and damage to homes in Louisiana, officials said. At least six people were taken to a hospital Sunday night, according to a tweet from the Acadian Ambulance Service, which said it responded to Church Point. Church …
State safety regulators declined to inspect an Iowa pork plant after receiving a complaint alleging workers were exposed to the coronavirus in crowded conditions — a decision that critics said allowed a burgeoning outbreak to grow unabated. An April 11 …
Texas’ transportation agency has become the second part of the state government to be hit by a ransomware attack in recent days. Someone hacked into the Texas Department of Transportation’s network in a “ransomware event,” according to a statement the …
Tropical Storm Arthur brought heavy rain to North Carolina’s coast on Monday as forecasters warned that the first named storm of the Atlantic hurricane season could also spread life-threatening surf and rip currents along U.S. East coast beaches in the …
The Alabama Department of Insurance has created a new division dedicated to supporting risk reduction against natural disasters for both policyholders and insurance companies, according to a statement from ALDOI. The new Mitigation Resources Division, directed by Brian Powell, is …
Kentucky officials on Friday asked the U.S. Department of Justice to investigate the meatpacking industry after local cattle farmers complained the price they are paid for their animals is continuing to drop at the same time beef prices are skyrocketing. …