Council Capital, a healthcare-focused private equity firm, has acquired Allegiant Managed Care, a nurse case management company providing services within workers’ compensation and other property/casualty insurance lines. Terms of the transaction were not disclosed. Based in Pittsburgh, Allegiant Managed Care …
Pacific Power, part of PacifiCorp, said Monday it has agreed to a $178 million settlement with over 400 Oregon plaintiffs in the latest multimillion-dollar payout related to the deadly 2020 wildfires that ravaged the state. In other cases that have …
PCF Insurance Services named Brandon Gray chief financial officer. Gray, who joined PCF in March 2023, previously served as the company’s senior vice president and treasurer. His promotion to CFO follows Felix Morgan’s December 2023 appointment to CEO from his …
GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those practitioners cannot escape a $2.8 million lawsuit in North …
CANTON, Miss. (AP) — Madison County has recovered an estimated $900,000 after an investigation found that the county was defrauded out of millions of tax dollars, authorities said Monday. Sheriff Randy Tucker updated the Board of Supervisors on Monday about …
JACKSON, Miss. (AP) — A judge has ordered the enforcement of a lawsuit settlement between Mississippi’s capital city and the family of a man who died after police officers pulled him from a car while searching for a murder suspect. …
CNA Financial Corp. said it is promoting Doug Worman, currently executive vice president and global head of underwriting, to president and chief executive officer starting in 2025. Current CEO Dino E. Robusto will transition to a role of executive chairman …
Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook Mid-Year Addendum. “Large rate increases from 2023 have …
NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed on Monday in a state court in Columbus, …
The Internet of Things (IoT), which refers to the collection of internet-enabled devices such as wearables, industrial sensors and controls, and closed-circuit cameras, has revolutionized processes from pharmaceuticals storage to energy-usage monitoring. However, it has also created a wide array …