Latest Property and casualty insurance providers News

FILE - This April 7, 2020, file photo shows an Allstate sign in Northbrook, Ill. Allstate says it has agreed to acquire National General Holdings Corp. for $4 billion in cash as it expands its insurance portfolio. National General shareholders will get $32 per share from Allstate, plus closing dividends of about $2.50 per share, for a total of about $34.50 per share. National General offers a range of property-liability products through independent agents including “non-standard” auto insurance, the Northbrook, Ill.-based Allstate said.(AP Photo/Nam Y. Huh, File)

Allstate acquires National General for $4 billion in cash

Jul. 8, 2020 9:21 AM EDT

SILVER SPRING, Md. (AP) — Allstate is buying National General Holdings for $4 billion in cash, expanding the scope of its insurance holdings. National General shareholders will get $32 per share that they hold, plus closing dividends of about $2.50 per share, for a total of about $34.50 each. National...

FILE - In this April 8, 2020, file photo, an empty Parkview Field minor league baseball stadium is viewed in downtown Fort Wayne, Ind. Minor league umpires are out of jobs so far and maybe all year with no minor league seasons due to the coronavirus pandemic. (Mike Moore/The Journal-Gazette via AP, File)

MiLB teams sue insurance providers over denied virus claims

Jun. 23, 2020 8:26 PM EDT

Fifteen minor league baseball teams have filed a lawsuit alleging breach of contract by insurance providers after being denied claims for business-interruption insurance due to the coronavirus pandemic. Major League Baseball announced Monday that it will attempt to play a 60-game regular season, but its minor...