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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. A long-awaited equal pay lawsuit at the U.K. Supreme Court could see thousands of mostly female workers obtain better wages from the largest supermarkets and end up costing the chains as much as 8 billion pounds ($10.1 billion). The Supreme …
  2. Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S. sanctions have …
  3. China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted over a month and caused billions of yuan in economic damage. The floods have killed 141 people and affected more …
  4. In an effort to stem South Carolina’s raging coronavirus outbreak, particularly among young adults he says are gathering in unsafe groupings, Gov. Henry McMaster is shutting off the late-night sale of alcohol at bars and restaurants across the state. McMaster …
  5. Lamb Insurance Services has acquired Prestige Insurance Services, effective July 1, 2020. Gene Dennis, managing client executive of Prestige, and his team will join the company with a focus on expanding service to the nonprofit and social service organizations in …
  6. Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA. The deal, which closely follows the June 22 acquisition of Florida-based Epic-Premier Insurance Solutions …
  7. The website for Louisiana’s program to help small businesses that have suffered losses as a result of the coronavirus epidemic is now operational, the state’s treasury office reported. State Treasurer John M. Schroder has encouraged Louisiana business owners to visit …
  8. Schaumburg, Ill.-based Atlas Financial Holdings Inc. has extended its agreement with National Interstate Insurance Co. (National Interstate) under which Atlas subsidiaries will continue to act as underwriting manager for National and transition new and renewal paratransit business to National paper …