Munich Re said it has acquired NEXT Insurance, which will become part of the reinsurer’s major primary business, ERGO. The agreement in place values NEXT Insurance at $2.6 billion. ERGO already owned nearly 30% of NEXT Insurance’s shares. Closing is …
ERGO Enters US Small Business Insurance Market With Full Buy of NEXT Insurance Read More »
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Contractors Insurance Alert: Construction Defect Lawsuits Rising Read More »
A grand jury for Baltimore County has handed down an indictment charging Michael C. Okolo, of Parkville, Maryland, with theft of property valued at $100,000 or more. This is the third time since September 2024 that Okolo has been indicted …
Third Time’s No Charm as Insurance Agent Is Charged Again Read More »
Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai and Kia cars topped …
Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts Read More »
Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business in India, according to people familiar with the matter. The move comes as the German insurer agreed earlier this week …
Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture Read More »
The Doctors Company, the Napa, California-based physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash …
The Doctors Co. to Take Med-Mal Insurer ProAssurance Private in $1.3B Acquisition Read More »
Major automakers and tech groups on Tuesday called on the Trump administration to take steps to speed deployment of self-driving cars, citing a number of regulatory hurdles. The Alliance For Automotive Innovation, a group representing nearly all major automakers, in …
Automakers, Tech Industry Urge Trump to Speed Self-Driving Car Deployment Read More »
Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power’s 2025 U.S. Property Claims Satisfaction Study align with today’s climate of increasingly longer claim cycle times and higher costs for …
JD Power: Customers Not Happy With Carrier Property Claims Service Read More »
Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities …
Homeowners Have Post-Loss Responsibilities Too, Florida Appeals Court Says in HCI Win Read More »
The Alabama Department of Insurance has named Nicole Boswell accounting director. Boswell, with the department since 2008, previously was accounting manager of financial operations and assistant financial officer for the department. She has overseen the department’s budget, accounts payable, cash …
People Moves: Alabama DOI Names Boswell Accounting Director Read More »
