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23 02, 2021

Arch to Back Coalition Cyber Insurance Programs with Long-Term Capacity

By | February 23rd, 2021|Uncategorized|Comments Off on Arch to Back Coalition Cyber Insurance Programs with Long-Term Capacity

Arch Insurance North America and Coalition have formed a multi-year partnership to provide Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs. The capacity will be available through Arch Insurance North America’s …

23 02, 2021

U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield

By | February 23rd, 2021|Uncategorized|Comments Off on U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield

Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental illness. In all three cases, taxpayers footed …

23 02, 2021

UK’s Aviva to Sell French Business for $3.9 Billion, Continuing Core-Market Strategy

By | February 23rd, 2021|Uncategorized|Comments Off on UK’s Aviva to Sell French Business for $3.9 Billion, Continuing Core-Market Strategy

Aviva Plc agreed to sell its French business for 3.2 billion euros ($3.9 billion), the largest deal so far in Chief Executive Officer Amanda Blanc’s push to streamline the UK insurer. The unit was sold to French mutual insurer Aema …

16 02, 2021

Progressive to Buy Transportation Insurer Protective for $338 Million

By | February 16th, 2021|Uncategorized|Comments Off on Progressive to Buy Transportation Insurer Protective for $338 Million

The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30 per share in cash, for a total transaction …

16 02, 2021

USI Insurance Services Acquires Inland Insurance in Washington

By | February 16th, 2021|Uncategorized|Comments Off on USI Insurance Services Acquires Inland Insurance in Washington

USI Insurance Services has acquired Spokane, Wash.-based Inland Insurance Inc. Terms of the deal were not disclosed. Inland Insurance is an independent risk management and employee benefits agency serving businesses and individuals throughout eastern Washington. Valhalla, N.Y.-based USI is an …

16 02, 2021

Most Oregonians Applying for Disaster Aid After 2020 Wildfires Denied

By | February 16th, 2021|Uncategorized|Comments Off on Most Oregonians Applying for Disaster Aid After 2020 Wildfires Denied

More than 24,000 Oregonians applied for federal disaster assistance after the catastrophic 2020 wildfires and about 57% of them were denied. Jefferson Public Radio reports that nearly 14,000 Oregonians have been denied aid, according to data provided by the Federal …

16 02, 2021

Macif Seen as Favorite to Buy $3.6B Aviva France; Talks to Sell Italian Unit Advance

By | February 16th, 2021|Uncategorized|Comments Off on Macif Seen as Favorite to Buy $3.6B Aviva France; Talks to Sell Italian Unit Advance

Aviva Plc, the British insurer, is in advanced talks on a sale of its Italian operations as it pushes ahead with about 6 billion euros ($7.3 billion) of divestments, people with knowledge said. The U.K. company is in negotiations to …

16 02, 2021

Liability for SPAC Flops: Waitr Could Be Test Case for Disgruntled Investor Lawsuits

By | February 16th, 2021|Uncategorized|Comments Off on Liability for SPAC Flops: Waitr Could Be Test Case for Disgruntled Investor Lawsuits

Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc. Landcadia had some powerful names behind …

16 02, 2021

UK Judge Rules Newspaper Violated Duchess Meghan’s Privacy in Publishing Letter

By | February 16th, 2021|Uncategorized|Comments Off on UK Judge Rules Newspaper Violated Duchess Meghan’s Privacy in Publishing Letter

LONDON — A newspaper invaded the Duchess of Sussex’s privacy by publishing personal letter to her estranged father, a British judge ruled Thursday, in a major victory for the royal in her campaign against what she sees as media intrusion. …

16 02, 2021

Ex-Medical Manager in Indiana Awarded $3.6M in Whistleblower Case

By | February 16th, 2021|Uncategorized|Comments Off on Ex-Medical Manager in Indiana Awarded $3.6M in Whistleblower Case

An Indianapolis-based medical supply company’s former manager has won $3.6 million in a settlement of her whistleblower lawsuit accusing that company and a health insurance company of defrauding a government insurance program. Crystal Derrick, who was a national account manager …