News
Florida Suit Over Charged Lemonade Death Puts New Focus on Energy Drink Safety
Panera Bread Co. must face a lawsuit over a death allegedly linked to its new line of "charged" lemonades, which have thrust the company into the spotlight and brought a renewed focus on the safety ...
Gallatin Point Capital Acquiring Majority Stake in AmFam’s TRUE, Serving Cat Zones
Gallatin Point Capital and American Family Insurance Group announced that funds managed by Gallatin will invest over $1.25 billion from the attorney-in-fact for a reciprocal insurer set up by ...
GuideOne Is First Member of The Mutual Group; $200M From Bain Capital Bolsters Financial Strength
With a $200 million investment, Bain Capital Insurance acquired the operational platform of mutual insurer GuideOne Insurance Company, the companies announced in late December. The transaction ...
P/C Sector Responsible for Layoffs of Nearly 7,000 in 2023
U.S. property/casualty insurance carriers led layoffs in the insurance industry last year, according to S&P Global Market Intelligence analysis. Nearly 20 companies reduced staff in 2023, said ...
Odometer Fraud Up in the U.S.
Odometer rollbacks are on the rise nationwide. The number of vehicles with suspect odometers tops 2 million, according to the latest CARFAX data. Roughly 2.1 million vehicles on the road have had ...
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
New York Wrongful Death Bill Adding Damages for Emotional Suffering Vetoed
New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state's wrongful death statute by letting families recover damages for emotional suffering from the death of a ...
Major Japan Quake Topples Buildings, Killing at Least 30 People
At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan's northwest coast, toppling buildings, buckling roads and triggering a blaze that ...
Hallmark Financial to Voluntarily Delist From Nasdaq
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock ...