Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the flood insurance provider are targeting to …
Neptune Insurance Eyes $2.8B Valuation: IPO Read More »
Hershey defeated a lawsuit claiming it misled consumers who were disappointed the Halloween-themed Reese’s peanut butter candies they bought lacked the decorative details shown on the labels. U.S. District Judge Melissa Damian ruled on Friday that the plaintiffs did not …
Hershey Wins Lawsuit Claiming Reese’s Candies Aren’t Spooky Read More »
A Harvard Business School graduate accused of defrauding fellow alumni out of millions of dollars by claiming he could identify where Warren Buffett’s Berkshire Hathaway would invest next has been indicted for fraud, federal prosecutors in Manhattan said. Vladimir Artamonov, …
Maryland Man Charged in Ponzi Scheme Claimed He Knew Buffett’s Investments Read More »
Two mutual insurers — Northern Neck Insurance Co. and Frederick Mutual Insurance Co.— have announced they intend to affiliate, pending regulatory approval, in a move to grow across the Mid-Atlantic region. While Northern Neck is acquiring Frederick Mutual, the two …
Mutual Growth Strategy: Northern Neck Insurance to Acquire Frederick Mutual Read More »
Commercial auto has been a dark cloud hanging over the U.S. property/casualty industry for more than a dozen years—and things are getting worse. For the 14th consecutive year, commercial auto has posted an underwriting loss and has accumulated more than …
AM Best: Commercial Auto Liability Drags Down Segment and it Could Get Worse Read More »
New Jersey has enacted new requirements around testing and disclosure of lead in public water systems. The new law (A2929/S1034) requires landlords to report information about the known or potential presence of lead in drinking water to tenants of residential …
New Jersey Requires Testing and Disclosure of Lead in Water Systems Read More »
Sunnybrook Union, a labor union representing teachers and educational support staff in the Sunnybrook School District in Lansing, Illinois, will pay $110,000 and provide other relief to settle a race discrimination case filed by the U.S. Equal Employment Opportunity Commission …
Illinois Labor Union to Pay $110K Over Race Discrimination Lawsuit Read More »
In the soft dirt of an indoor horseback riding ring last month, a group of farmers got ready to test drive a new piece of equipment: an electric tractor. As they took turns climbing in — some surprised by its …
Electric Tractors Gain Traction Among Farmers Seeking Eco-Friendly Options Read More »
Hundreds of flights in and out of Dallas were delayed or canceled Friday as telecommunications equipment issues disrupted one of the nation’s busiest airports, federal officials said The Federal Aviation Administration said it was slowing flights at Dallas Fort Worth …
Hundreds of Flights Snarled at Dallas Airports Over Equipment Issues, FAA Says Read More »
Veteran benefits consultant Terry Cox has joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Austin, Texas, Cox will serve a national client base, bringing more than three decades of experience as a provider, …
People Moves: Alliant Adds Cox to Employee Benefits Team Read More »
