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White Mountains Buys Majority Ownership of Distinguished Programs for $230M

by lpiccitto | Jul 8, 2025 | Uncategorized

White Mountains Insurance Group on Monday said it has a deal in place to acquire about 50% of Distinguished Programs for $230 million. With the buy of the outstanding equity shares, White Mountains will own 51% of Distinguished, an independent …

Car Manufacturer Sued for Refusing to Allow Jewish Employee to Observe the Sabbath

by lpiccitto | Jul 8, 2025 | Uncategorized

FCA US, LLC, an international automobile manufacturer of Chrysler, Dodge, Jeep, Ram and Fiat car brands, violated federal law by refusing to accommodate an employee’s request to observe the Sabbath and take unpaid leave for Passover, the U.S. Equal Employment...

Intense Downpours are More Frequent, But Flooding Severity Remains Hard to Predict

by lpiccitto | Jul 8, 2025 | Uncategorized

It’s not just Texas and North Carolina. Intense rain is falling more frequently in many areas of the U.S. — though where it occurs and whether it causes catastrophic flooding is largely a matter of chance, according to experts. More …

Appeals Court Nixes Class Actions Against Progressive Over Actual Cash Value

by lpiccitto | Jul 8, 2025 | Uncategorized

Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law....

Governor Signs Bill That Ends One State-Backed Reinsurance Layer, Reduces Another

by lpiccitto | Jul 8, 2025 | Uncategorized

Florida Gov. Ron DeSantis last week put his signature on House Bill 5013, which ends one state-backed level of reinsurance and slashes another one, a move that could perhaps create a little more demand for private reinsurance coverage in the …
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