The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion. ProAssurance is a specialty insurer in medical liability, products liability for medical technology …
Ward Joins Venbrook as CFO Venbrook Group LLC named Kenneth W. Ward chief financial officer. Ward specializes in operational efficiency, cost-cutting initiatives and growth. He has worked across a variety of industries and most recently held the CFO role at …
The U.S. International Development Finance Corporation has agreed with the World Bank’s guarantee arm MIGA to create a political risk insurance framework for a U.S.-Ukrainian reconstruction investment fund. The agreement, signed on Thursday on the sidelines of a Ukraine recovery …
Vermont has become the first U.S. state to ban paraquat, one of the most commonly used herbicides, with lawmakers citing a possible link between the weed killer and Parkinson’s disease. The ban has been widely celebrated by advocates who hope …
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. Matthew E. Anderson, a licensed agent for life, health and property-casualty lines, said his agency will offer life, health, …
Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
After several years of experimentation with generative AI and machine learning, many carriers have moved beyond asking whether AI has a role in insurance. Instead, they’re grappling with a different question: How do organizations know when an AI pilot is …
Photographs showing a staircase before and after repairs should not have been allowed as evidence in a negligence claim against a landlord, the Connecticut Appellate Court has ruled. In a unanimous opinion, the appeals court ordered a new trial in …
More than a year after it announced plans to buy Birmingham, Alabama-based ProAssurance, The Doctors Company said it has completed the billion-dollar acquisition. The Doctors Company, headquartered in Napa, California, acquired all outstanding shares of ProAssurance for $25 per share, …