Industry News
JAB to Acquire Fairfax’s Pet Insurance Stake in Crum & Forster, Pethealth
JAB Holding Company and Fairfax Financial Holdings Limited have announced that JAB's pet insurance business agreed to acquire all of Fairfax's interests in the Crum & Forster Pet Insurance Group ...
Calif. Bill Would Make Gun Owners Buy Liability Insurance
California would be the first state to require gun owners to buy liability insurance to cover the negligent or accidental use of their firearms, if lawmakers approve a measure announced last ...
Tesla Sued by Former Employees Over ‘Mass Layoff’
Former Tesla Inc. employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance ...
INSTANDA Raises $45M in Latest Funding Round
INSTANDA, a no-code, core insurance platform provider announced the close of its latest $45 million fundraising led by Toscafund, a European growth equity investment firm for financial services ...
Washington Governor Joins Calls for Commissioner Kreidler to Resign
Washington state Gov. Jay Inslee is now among a growing number of people saying elected Insurance Commissioner Mike Kreidler should resign. The calls for the 78-year-old, six-term Democrat to step ...
Amica Mutual and Brethren Mutual Announce CEO Successions
Amica Mutual Insurance Co. announced that Edmund Shallcross III has been named the company's next chief executive officer and president, effective Oct. 1, 2022. Shallcross will succeed Robert A. ...
Tokio Marine Kiln Selling Highland’s U.S. Construction Biz to Intact Insurance
Tokio Marine Kiln (TMK) has agreed to sell its Tokio Marine Highland's (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact). Financial terms of the deal were not disclosed in ...
Appeals Court First to Rule in Favor of Coverage for COVID Shutdown
The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that ...