The devastation of Hurricane Ian reminds us that the opportunity for property subrogation success is often disguised as an Act of God. The claims history of most domestic insurance carriers is littered with billion dollar claims as a result of …
Teva Pharmaceutical Industries Lts. will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an additional $300 …
Hurricane Ian not only ravaged southwest Florida on land but was destructive underwater as well. It destroyed man-made reefs and brought along red tide, the harmful algae blooms that kill fish and birds, according to marine researchers who returned last …
Twitter Inc. was sued over Elon Musk’s plan to eliminate about 3,700 jobs at the social-media platform, which workers say the company is doing without enough notice in violation of federal and California law. A class-action lawsuit was filed Thursday …
AmTrust Financial Services Inc. acquired Contractor Managing General Insurance Agency Inc. in California. CMGIA will offer surety bonds to small to mid-size contractors across 50 states. The company is led by Stephanie Shear, a surety underwriter with more 40 years …
The Colorado city of Idaho Springs said it has agreed to pay $7 million to a 75-year-old man who said an officer used a stun gun on him without warning and dragged him from his apartment after a dispute with …
The North Carolina Rate Bureau is requesting an average 87.5% increase in insurance rates for mobile home fire policies over the next two years, and a 53.4% increase in casualty policies. The rate requests may seem large, but they are …
Pennsylvania parents who are alleged to have found but not turned over to authorities a gun believed used by their son to murder a friend are not entitled to insurance for their defense against emotional distress claims brought by the …
The derailment of six train cars and a subsequent acid leak prompted road closures and evacuations Wednesday in a Louisiana community, officials said. No injuries were reported in the derailment in the community of Paulina in St. James Parish, about …
J.M. Wilson Names Struck and Crook as Property and Casualty Underwriters J.M. Wilson has promoted Chris Struck to property and casualty underwriter for their Indiana team. Struck is responsible for underwriting a wide variety of new and renewal property and …