A wildfire in Northern California was burning out of control on Monday amid exacerbating conditions that pose the dangers of thunderstorms, and hot, windy conditions. The McKinney Fire grew rapidly to more than 80 square miles after breaking out on …
GEICO is closing all of its offices in California, according to reports. The company shut down all of its 38 offices in the state and hundreds of GEICO workers are being laid off, the news website SFGate is reporting. “We …
Insurance brokerage World Insurance Associates reports that it has acquired Coverage Specialists, Inc. of Pompton Plains, New Jersey. Coverage Specialists is a 35-year-old family-owned agency founded in 2010 that provides property/casualty insurance with a focus on the trucking and transportation …
The chief executive officer and president of a Taunton, Massachusetts insurance agency has pleaded guilty in connection with an embezzlement scheme that left client companies uninsured, according to state officials. Attorney General Maura Healey announced that David G. Pietro and …
A Pennsylvania-based convenience store chain will pay $8 million to several states over a 2019 data breach that involved some 34 million payment cards, authorities announced Tuesday. The Pennsylvania attorney general’s office said Wawa Inc. did not take reasonable security …
Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now …
Second quarter earnings at The Hartford fell to $437 million – about 51% less than the same period a year ago. Hartford said it booked a $485 before-tax change from net realized gains to net realized losses during Q2. The …
Families of Sandy Hook school shooting victims have quickly raised the alarm over the latest legal maneuver from far-right radio show Infowars and its proprietor, Alex Jones. The ultimate parent of Infowars, Free Speech Systems LLC, filed for Chapter 11 …
Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick …
British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny James said on Tuesday the …