Specialty
National General to Pay $165M for Regional Auto Insurer Direct General
National General Holdings Corp. will pay $165 million for a Tennessee-based property/casualty insurer focused on nonstandard auto business. The New York City-based specialty insurance holding company ...
PCI Urges Consideration of Firefighting Funding Reform Bill
The Property Casualty Insurers Association of America is throwing its support behind a bill first proposed in 2015 that would make supplemental federal funding to fight wildfires a more flexible and ...
Brexit Vote Fallout Will Not Be Solved Quickly
To leave, or not to leave: That is the question. Still. After Britain's historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never ...
U.S. Brewer Yuengling Paying $10M to Settle Water Pollution Case
D.G. Yuengling and Son Inc, the oldest U.S. brewing company, will pay close to $10 million to settle charges it violated the federal Clean Water Act through the excessive discharge of pollutants by ...
TransCanada Files $15B NAFTA Claim on Obama Keystone XL Rejection
TransCanada Corp. is seeking to recoup $15 billion for the Obama administration's rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals ...
Insurers’ Earnings Take Hit From French & German Floods: A.M. Best
The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession ...
Ironshore Freed From A.M. Best’s ‘Under Review’ Status
A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as "under review with negative implications." A year after initially taking action, the ...
XL Group Shareholders Approve Ireland-to-Bermuda HQ Switch
XL Group plc's shareholders approved plans to change its place of incorporation from Ireland to Bermuda, a process it hopes to complete in the 2016 third quarter. That doesn't mean that XL Group is ...