Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong. In addition to the penalties, Soundview has take responsibility for the ongoing remediation …
Transportation Firm Faces Fines, Remediation Costs for Connecticut Oil Tanker Spill 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 »
A secondary share offering for Brazilian insurance firm Caixa Seguridade was priced at 14.75 reais per share, the company said in a securities filing on Thursday, with the deal totaling about 1.22 billion reais ($216 million). The offering was made …
Share Offering for Brazil’s Caixa Seguridade Totals $216 Million 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 International Underwriting Association (IUA), the group representing London companies that provide international and wholesale re/insurance, has named Chris Jones as chief executive, succeeding Dave Matcham. Jones will formally take up his responsibilities on May 1, 2025 in response to …
London’s IUA Names Jones as Chief Executive, Succeeding Matcham Read More »
The International Underwriting Association (IUA), the group representing London companies that provide international and wholesale re/insurance, has named Chris Jones as chief executive, succeeding Dave Matcham. Jones will formally take up his responsibilities on May 1, 2025 in response to …
London’s IUA Names Jones as Chief Executive, Succeeding Matcham 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 »
A federal judge on Monday declined to force the Trump administration to immediately reimburse dozens of public broadcasting stations for upgrades to the nation’s emergency alert system. The nonprofit Corporation for Public Broadcasting sued the Federal Emergency Management Agency last …
Judge Declines to Force FEMA to Release Funds to Upgrade US Emergency Alert System 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 »
