FCCI Insurance Group operates through more than 3,800 independent agents across 20 states and Washington, D.C. Its product line includes coverage for auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers’ compensation, among others. Additionally, FCCI writes contract and commercial surety bonds in 45 states.
The plaintiff, William Young, who represented himself, alleged that State Farm submitted a false accident report to the National Accident Reporting Agency, operated by LexisNexis, in connection with an incident that occurred on or about January 5, 2023, in a CVS parking lot in Largo, Maryland. At the time, Young was insured by Progressive, not…
The company posted net income of US$210 million, or US$4.90 per diluted share, a decrease from US$733 million, or US$16.87 per diluted share, in the same quarter last year. Net operating income also dropped to US$276 million, or US$6.45 per diluted share, compared to US$709 million, or US$16.32 per diluted share, in Q1 2024. Source…
Transactional risk insurance saw strong uptake across technology, healthcare, and renewable energy, where dealmakers increasingly relied on coverage for tax-related exposures. Emerging markets, particularly in Latin America and Africa, also recorded increased usage, reflecting a growing insurance infrastructure supporting cross-border deals. Source link
