Posts by vgeorgiev

By Stephanie K. Jones Columbus, Ohio-based State Auto Insurance Group (State Auto) is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto has a market valuation of about $981 million, according … Read More Read more here:: Insurance Journal       

By Don Jergler Motel 6 has agreed to pay $250,000 to settle a lawsuit alleging one of its properties in Los Angeles was a base for sex trafficking, drug dealers and gang members. City Attorney Mike Feuer told The Associated Press on Wednesday … Read More Read more here:: Insurance Journal       

By Don Jergler The California Legislature backed a measure this week that could require Wells Fargo to go to court with consumers who say they were harmed by the bank’s fake account scandal. The legislation would prohibit the San Francisco-based bank in some … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year for India. India has … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Police and emergency workers filed suit on against French chemicals company Arkema SA, claiming it failed to take adequate steps to avoid a fire at its Crosby, Texas, plant after Hurricane Harvey. Seven police, fire and emergency medical technicians sued … Read More Read more here:: Insurance Journal       

By Don Jergler Bad design and construction of the tallest U.S. dam a half-century ago and inadequate state and federal oversight since then led to a disastrous spillway collapse in February, an independent national team of dam safety experts said this week as … Read More Read more here:: Insurance Journal       

By L.S. Howard Sanlam Ltd., the largest South African-based insurer, said prospects for its domestic business will remain muted for the rest of this year and into 2018 as political uncertainty knocks confidence and markets. Political and economic policy uncertainty is “not likely … Read More Read more here:: Insurance Journal       

By L.S. Howard Arthur J. Gallagher & Co. announced the acquisition of Nordic Försäkring & Riskhantering AB (Nordic), located in Gothenburg, Sweden. Terms of the transaction were not disclosed. Founded in 1991, Nordic is a retail insurance broker offering a broad range of … Read More Read more here:: Insurance Journal       

Marsh announced a new global management structure, which includes new appointments to its executive management team and two new divisions. Marsh’s global management structure includes the newly formed Global Risk & Digital (GR&D) division, which brings together Marsh’s solutions and … Read More Read more here:: Insurance Journal