State Farm announced a merger deal Thursday to buy auto insurance company GAINSCO for about $400 million in cash.
Upon closing, the merger agreement states that State Farm Mutual will acquire all the...
California will relax the burden of proof to receive workers' compensation benefits for some employees who contract COVID-19 on the job under a bill Gov. Gavin Newsom signed Thursday.
Senate Bill 1159...
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers.
In a letter, companies including outdoor-gear producer...
With devastating fires continuing to burn across California, Insurance Commissioner Ricardo Lara will convene an investigatory hearing on Monday, October 19 to initiate a series of regulatory actions that...
Clearlake Capital Group, L.P. today announced that it has signed a definitive agreement to acquire Zywave, Inc., the leading software-as-a-service ("SaaS") provider of front office insurance...
AM Best expects insured losses from Hurricane Sally to be significant for the U.S. National Flood Insurance Program (NFIP), and sizable for some insurers with large private flood exposures in Alabama and...
Six months into the pandemic, some states are recovering faster than others from the severe economic blow. In Maine, real estate is booming. In Nebraska, unemployment is below 5%. And in Rhode Island,...
The protests that took place in 140 U.S. cities this spring were mostly peaceful, but the arson, vandalism and looting that did occur will result in at least $1 billion to $2 billion of paid insurance...
Moody’s Investors Service estimates that 2020 is already the third-highest year for California insured wildfire losses, after 2018 and 2017, with insured losses of nearly $5 billion.
In a report, Moody...
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