Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National General and SafeAuto will be integrated into National General’s direct-to-consumer non-standard auto …
Amazon.com Inc. is overhauling a controversial worker-productivity yardstick that has drawn the ire of warehouse employees who say it imposes an unsafe burden on them. The world’s largest online retailer uses sophisticated algorithms to monitor productivity at its facilities, and …
Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also upgraded the IFS of RSA’s operating subsidiary, Royal & Sun Alliance …
Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Epstein Financial Services LLC and Epstein Financial Group LLC. Terms of the transaction were not disclosed. Located in East Longmeadow, Massachusetts, Epstein Financial is an independent …
The former head of New Mexico’s pension system for educators has accused Democratic Gov. Michelle Lujan Grisham and others of denying her equal pay. Jan Goodwin filed a lawsuit in federal court last week, saying she was forced to leave …
A magnitude 6.1 earthquake shook Alaska’s Talkeetna Mountains north of Anchorage Sunday night and smaller tremors continued early Monday, the US Geological Survey confirmed. The earthquake was felt from Homer to Fairbanks, and was felt especially strongly in the Anchorage …
Pennsylvania Insurance Commissioner Jessica Altman is urging property owners to consider purchasing flood insurance to protect their homes, businesses and possessions. For many Pennsylvanians, extreme weather, including flooding caused by hurricanes and severe thunderstorms, can be a common occurrence throughout …
Four firefighters and one civilian were injured Thursday when a Philadelphia Fire Department firetruck crashed into a building after a collision with another vehicle. The firetruck had left a nearby fire station and had its lights and siren on as …
Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now. The firms are …
This wrap-up of international People Moves details recent appointments at TigerRisk Partners (which is launching a global trade credit, surety and political risk business); AXIS Insurance, and Berkshire Hathaway Specialty Insurance (which has launched a full line of marine insurance …