A Texas jury has awarded a largely symbolic settlement of more than $301 billion in a lawsuit against a Corpus Christi bar brought by the family of a woman and her 16-year-old granddaughter who were killed in a car crash …
Oklahoma Insurance Commissioner Glen Mulready is encouraging residents to take precautions against porch piracy as the winter holiday season nears. According to C + R Research, 230 million Americans will be shopping online this year, and 43% cite themselves as …
Insurance claims and loss estimates are beginning to come in from the group of deadly and damaging tornadoes that moved through the central and southern U.S. last weekend. The Federal Emergency Management Agency confirmed there were at least 52 tornadoes …
An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana Insurance Commissioner Jim Donelon approved the transaction Wednesday, Dec. …
World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed. E&K was founded in 1930 by two entrepreneurs who established E & K Insurance Group in …
A.M. Best has affirmed the financial strength rating (FSR) of A+ (superior) and the long-term issuer credit ratings (long-term ICR) of “aa-” for the members of The Concord Group Insurance Companies. The rating actions reflect Concord Group’s balance sheet strength, …
A jury has found that school officials in Boston, Massachusetts, retaliated against a teacher for exercising his legal right to raise concerns about workplace discrimination without fear of retribution, awarding him $1.7 million. The Boston Globe reports that Charles Sherman …
A jury has found that a roofing contractor in Maine is not guilty of workplace manslaughter for the 2018 death of a worker. The Portland Press Herald reports that the jury reached its verdict at the Cumberland County Courthouse. Shawn …
Confie, a U.S. independent personal lines distributor, will acquire Velox Insurance as an affiliate to its nonstandard national brand, Freeway Insurance. The acquisition includes all 40 locations in Georgia, tripling Confie’s presence in the state, as well as two Florida …
Health insurance costs for employers rose the most in over a decade this year as Americans resumed non-urgent procedures delayed earlier due to the COVID-19 pandemic, according to a survey published on Monday. The survey by benefits company Mercer of …