Business Moves News
Carisk Partners Launches New Behavioral Health Program to Better Manage Workers Comp Claims
Carisk Partners, a specialty risk transfer and care coordination company, announced the launch of its enhanced Behavioral Health program, building on the synergies of Carisk Behavioral Health and the ...
Arch to Buy Allianz’s Mid-Market, Entertainment Insurance Units for $450M
Arch Capital Group's North American insurance unit said on Friday it would buy the U.S. midcorp and entertainment insurance businesses from Allianz Global Corporate and Specialty SE for $450 million ...
Genpact Working With AWS, Amazon Business to Reduce Insurance Claims Life Cycle
Amazon Web Services (AWS) and Amazon Business are tapping global professional services firm Genpact for its generative AI to enhance claims management. Leveraging its claims management expertise as ...
NEXT Insurance Launches Commercial Umbrella/Excess Liability Coverage, Expands Liquor Liability
Digital small business insurer, NEXT, announced the launch of commercial umbrella/excess liability coverage in 41 states and the expansion of liquor liability coverage in seven additional states. The ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...
Motorists Mutual to Acquire Southeast, Midwest Insurer
Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA, which is based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of ...
Australia’s Wesfarmers to Sell Insurance Brokerage to Arthur J. Gallagher
Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. ...
Hartford Financial in Talks to Sell Japan Unit to Orix
Orix Corp., a Japanese finance and leasing firm, said it is in talks to buy Hartford Financial Services Group Inc.'s unit in the country. Nothing has been decided on the purchase, Tokyo-based Orix ...